Timor-Leste Pens Trade Deal With EU in Bid for WTO Accession
The EU and Timor-Leste inked a deal wrapping up bilateral market access talks on goods and services as part of Timor-Leste's bid to join the World Trade Organization, the EU Directorate-General for Trade said. The agreement sets lower tariffs for…
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goods and opens up the services market. It will apply to all WTO members when Timor-Leste joins the global trade body. The Southeast Asian nation also is negotiating deals with Indonesia and the U.S. Nations seeking to join the WTO are required to sign bilateral deals with interested WTO members that include both agriculture and tariffs on non-agricultural products, and that also cover some service sectors.