The Timorese Government approved two memorandums of understanding with China, one of which to strengthen the “economic and social development of both countries”, in sectors such as trade, investment and tourism.
The second agreement refers to cooperation for administrative decentralization and local development of the municipality of Manatuto, east of the Timorese capital.
In a statement released this week and quoted by local media, the executive adds that the first memorandum will be signed between the Ministry of Timorese Strategic Planning and Investment and the National Development and Reform Commission of the People’s Republic of China.
It covers, in particular, the “strengthening of the exchange of information in the field of macroeconomic management and medium and long-term development planning, with a view to promoting the economic and social development of both countries”.
It allows, according to a Timorese Council of Ministers statement, “to promote, develop and strengthen trade, investment, tourism and cultural exchange”.
In the case of the second document, the memorandum will be signed by the Province of Hunan, the People’s Republic of China, and the Municipal Administration of Manatuto to be represented by the Minister of State Administration.
It aims, the Government adds, “to establish cooperative relations for the promotion of administrative decentralization and local development of municipalities”.
The two memorandums of understanding will be signed during the visit to China of Timorese Prime Minister Xanana Gusmão (pictured above), who will represent the State at the opening of the Asian Games.