Part 7/13:
To ensure sustainable development, Timor-Leste is actively working to generate employment through attracting foreign investment. The country's strategic advantage lies in its competitive tax regime, with personal income tax at 10%, zero import taxes on equipment, and low wages—making it an attractive destination for industry. The President advocates for bold regional cooperation, emphasizing that joining ASEAN (scheduled for 2023) will unlock access to a regional market of 700 million people and a $4 trillion economy.