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| Capital city: |
Dili |
| Surface area: |
14,874 sq km |
| Population: |
1.1 million |
| Official language(s): |
Portuguese, Tetum |
| Head of State: |
President HE Dr José Ramos-Horta |
| Head of Government: |
Prime Minister Mr Kay Rala Xanana Gusmao |
| Australian exports to East Timor: |
A$45 million |
| Australian imports from East Timor: |
A$12 million |
| East Timor's principal export destinations: |
Australia, Germany, Portugal |
| East Timor's principal import sources: |
Indonesia, Singapore, Australia |
(Source: Department of Foreign Affairs and Trade - Country economic fact sheet)
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Many business opportunities in East Timor relate either directly or indirectly to aid funded activities. Public sector opportunities are normally funded by donor countries, including by AusAID.
The Asian Development Bank (ADB) is focused on infrastructure activities while the World Bank is focussed on social sector activities. Private sector opportunities are predominately in the services sector catering to international staff working in East Timor.
Most World Bank and ADB tender opportunities are advertised internationally but smaller value contracts might only be advertised in East Timor. East Timor Government tender opportunities are advertised in the East Timor Government website. Many other opportunities require on-the-ground intelligence to be identified.
Business services such as banking, legal and accounting remain largely unavailable. There is no collateral law and no form of regulated security against which borrowers can apply for credit. There is no insurance law or insurance providers in the market. Draft company, foreign investment and labour laws have been drafted but have been finalised. This is compounded by a lack of property rights.
For the latest key economic indicators and statistics, please see the Department of Foreign Affairs and Trade - Country economic fact sheet)
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East Timor became the first new nation of the new millennium when it became the Democratic Republic of East Timor on 20 May 2002. The Head of State is H.E. President Kay Rala Xanana Gusmao. |
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