China/East Timor trade rises thirteen-fold in 2006

21 September 2007

Beijing, China, 21 Sept – Bilateral trade between China and East Timor grew more than thirteen-fold in 2006, reaching US$17 million at the end of the year, according to figures from the Chinese trade Ministry.

East Timor exported US$11 million in goods to China, while imports of Chinese goods totaled US$6 million, according to figures from the Trade ministry, cited by Portuguese news agency Lusa.

According to the East Timor embassy in Beijing, figures for trade with China in the first half of 2007 had yet to be calculated.

Coffee is one of the main drivers of bilateral trade and has created a new dynamic in the trade relationship between the two Asian countries.

East Timor is one of the exporters of coffee to the Chinese market, particularly to Guangdong province, a region bordering Macau and Hong Kong.

In it turn, China has been involved in the reconstruction of East Timor by financing several projects such as the construction in Dili of the Presidential Palace and the training of civil staff in the national armed forces. (macauhub)