logo
Timor-Leste's Accession To ASEAN Crucial For Economic Advantage, Stronger Voice

Timor-Leste's Accession To ASEAN Crucial For Economic Advantage, Stronger Voice

Barnama25-05-2025

Timor-Leste foreign minister, Bendito dos Santos Freitas, addresses a press conference held in conjunction with the 46th ASEAN Summit at the Kuala Lumpur Convention Centre today. -- fotoBERNAMA (2025) COPYRIGHT RESERVED
By Vikneswaran Raman
KUALA LUMPUR, May 25 (Bernama) -- The accession of Timor-Leste as a full ASEAN member is vital not merely for economic advantage but also for a stronger voice in diplomacy, according to the country's Minister of Foreign Affairs and Cooperation Bendito dos Santos Freitas.
In this regard, he is optimistic about gaining full membership status by end of this year during Malaysia's chairmanship, after being granted observer status three years ago.
Freitas said the 46th ASEAN Summit taking place at the Kuala Lumpur Convention Centre could gradually open the door for the Portuguese and Tetum-speaking nation to achieve ASEAN membership.
'We've done our best through institutional coordination activities, in addition to working with ASEAN member states and participating in capacity-building programmes. These efforts are crucial for fulfilling the roadmap adopted at the 43rd Summit in Labuan Bajo, Indonesia.
'I truly appreciate and commend Malaysia's chairmanship, which is very important and supportive of our efforts. We believe and are confident that this summit can, at the very least, slowly open the door (for us) to be a full member of ASEAN,' he said in an exclusive interview with Bernama on the sidelines of the 46th ASEAN Summit here today.
He added that Timor-Leste has also established a dedicated unit within the ASEAN Secretariat, with support from all ASEAN member states, particularly Malaysia, to advance its membership aspirations.
Freitas said full membership is crucial for the small nation of 1.4 million people, not only for economic benefits but also due to its strategic location between Indonesia and Australia within the framework of ASEAN's Outlook on the Indo-Pacific.
'As part of the ASEAN family, we can both contribute to and benefit from support in areas such as diplomacy, politics, regional cooperation and multilateral engagement.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Capricorn Mutual Selects Duck Creek Technologies As Their New Core Insurance Delivery Technology Partner
Capricorn Mutual Selects Duck Creek Technologies As Their New Core Insurance Delivery Technology Partner

Barnama

time19 minutes ago

  • Barnama

Capricorn Mutual Selects Duck Creek Technologies As Their New Core Insurance Delivery Technology Partner

SYDNEY, June 5 (Bernama) -- Duck Creek Technologies, the global provider defining the future of property and casualty (P&C) and general insurance, has announced a new SaaS core insurance delivery technology partnership with Capricorn Mutual, the protection arm of one of Australia and New Zealand's largest member-owned organizations, Capricorn. Duck Creek's full-suite, including Policy, Rating, Billing, Claims and Clarity (data and insights), served via the OnDemand cloud-delivery platform, will replace Capricorn Mutual's incumbent legacy technology stack, empowering the business to deliver enhanced commercial and domestic coverage products and experiences to more of Capricorn's 30,000 small and medium auto business members.

RCEP, ACFTA key to unlocking Asean-China trade potential
RCEP, ACFTA key to unlocking Asean-China trade potential

New Straits Times

time31 minutes ago

  • New Straits Times

RCEP, ACFTA key to unlocking Asean-China trade potential

HUANGSHAN: Stronger grassroots implementation, simplified processes for businesses, and closer public–private partnerships are key to unlocking the full potential of regional trade pacts, according to Asean secretary-general Dr Kao Kim Hourn. Kao was referring to the Regional Comprehensive Economic Partnership (RCEP) and the Asean-China Free Trade Area (ACFTA). He said the frameworks of both are complementary and critical in expanding market access, fostering resilient supply chains and enhancing regional competitiveness. "Strong public–private partnerships are essential not only to help businesses integrate into regional value chains but also to support them in scaling up operations and contributing to more responsive policymaking," he said at the 2025 RCEP Local Governments and Friendship Cities Cooperation (Huangshan) Forum held here today. Kao also noted that micro, small and medium enterprises (MSMEs), the backbone of the Asean economy, often face barriers in accessing financing and navigating complex regulations. In this regard, he encouraged local authorities to support MSMEs through targeted outreach, advisory services and simplified administrative processes. He commended the proactive efforts of cities and local governments in facilitating trade adoption through policy dialogues, capacity building and incentive schemes that are essential for helping businesses navigate technical trade rules and realise the benefits of both RCEP and ACFTA. RCEP covers 15 countries, including all 10 Asean members and five of its key partners, namely China, Japan, South Korea, Australia and New Zealand. Kao pointed out that RCEP economies contributed US$29.4 trillion, or nearly 28 per cent of global gross domestic product in 2023, while their combined trade was valued at US$13.5 trillion in 2024, accounting for over 28 per cent of global trade. The bloc also represents a consumer base of 2.3 billion people, or nearly one-third of the global population. In China alone, RCEP usage jumped 38 per cent last year, with most firms leveraging RCEP to boost exports and diversify supplier networks. Asean's total trade with RCEP partners totalled US$1.3 trillion in 2024, making up 34.5 per cent of Asean's overall trade. Kao also highlighted the growing importance of the ACFTA, established in 2003, which has already eliminated more than 90 per cent of tariffs between Asean and China. "The ACFTA 3.0 will modernise the agreement and open new doors in the digital economy, green economy, and supply chain connectivity. "It will redefine Asean-China economic relations through innovation and competitiveness," he said. On May 25, Asean Economic Ministers concluded negotiations for the ACFTA 3.0 upgrade alongside the completion of the upgraded Asean Trade in Goods Agreement (ATIGA). Both upgraded agreements are scheduled to be signed on the sidelines of the upcoming 47th Asean Leaders' Summit in Kuala Lumpur in October 2025. Kao further said ACFTA and RCEP form "mutually reinforcing frameworks" that allow Asean and Chinese businesses to expand their global supply chain footprints, with both agreements contributing to long-term economic resilience and integration. "By further harnessing the benefits of RCEP, Asean and China will build resilient and interconnected economies that are capable of withstanding uncertainties and challenges while capitalising on emerging opportunities," he added.

Guinea-Bissau President Embalo Concludes Visit By Planting Merbau Tree At Laman Perdana
Guinea-Bissau President Embalo Concludes Visit By Planting Merbau Tree At Laman Perdana

Barnama

time35 minutes ago

  • Barnama

Guinea-Bissau President Embalo Concludes Visit By Planting Merbau Tree At Laman Perdana

GENERAL President of Guinea-Bissau Umaro Sissoco Embalo marks his visit to the Perdana Botanical Garden in Kuala Lumpur by planting a Merbau tree today. He was welcomed by Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif. KUALA LUMPUR, June 5 (Bernama) -- The President of Guinea-Bissau, Umaro Sissoco Embalo, concluded his three-day official visit to Malaysia by planting a Merbau tree at the Perdana Botanical Garden here today. Embalo and his delegation arrived at the site around 10.10 am and were welcomed by Kuala Lumpur Mayor Datuk Seri Dr Maimunah Mohd Sharif. Upon arrival, Embalo planted the national tree of Malaysia, the Merbau, or scientifically known as Intsia palembanica, at Laman Perdana. He then spent about 10 minutes on a buggy ride around the scenic and lush Perdana Botanical Garden and lake. In her welcoming speech, Maimunah described Embalo's visit as a meaningful step forward in fostering solidarity between Malaysia and Guinea-Bissau. 'Your presence here, Your Excellency, in the capital city of Kuala Lumpur speaks volumes about the commitment of Guinea-Bissau to forging global partnerships grounded in mutual respect, sustainable development and shared progress. We are greatly encouraged by the transformative work taking place in your country,' she said. Embalo arrived in Malaysia on Tuesday, marking the first-ever visit by a head of state from Guinea-Bissau. Yesterday, he was accorded an official welcome at the Perdana Putra Complex in Putrajaya, followed by a meeting with Prime Minister Datuk Seri Anwar Ibrahim. According to Wisma Putra, Malaysia and Guinea-Bissau established diplomatic relations in November 1974.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store