Dili, East Timor, 16 July – East Timor’s farmers are to put some of their production on the Indonesian market, following contacts between businesspeople and officials from both countries, the director general of the East Timor Ministry for Tourism, Trade and Industry said in Dili.
According to Fernando Hi da Silva, East Timor will start exporting coffee, hazelnuts, ginger and beans to Indonesia.
Hi da Silva said that exports of agricultural products would be carried out via Cupang, the main trading post on the Indonesian side of Timor island, which a delegation from the Ministry for Tourism, Trade and Industry visited.
Along with meetings with the Indonesian authorities, with a view to securing trading facilities, which are outlined in the trade agreement signed by the two countries in 2003, the Timorese delegation discussed reciprocal business opportunities with businesspeople from the Indonesian province of Nusa Tenggara Timur.
The province of Nusa Tenggara Timur could also be a trading post for the export of Timorese products to Surabaya, Indonesia’s second-largest city and capital of East Java, via the port of Cupang.
The balance of trade between East Timor and Indonesia is highly favourable towards Indonesia, from which around 50 percent of East Timor’s imports originate. (macauhub)