Timor-Leste: Investment Climate Statement 2015

As Southeast Asia's youngest country, Timor-Leste is attempting to establish effective and comprehensive legislative, executive, and judicial institutions, draft laws and regulations, and build government personnel capacity. Although instability and periods of violent upheaval marked the early part of the country's history, Timor-Leste has been generally calm since 2008. This peace is underscored by the departure of the United Nations Integrated Mission in Timor-Leste (UNMIT) peacekeeping operation and the International Stabilization Force (ISF) at the end of 2012. This young and vibrant country is eager to take advantage of its current tranquility to focus on achieving the country's development goals, as laid out in the Strategic Development Plan 2011-2030. One of the primary goals of the Plan is to use the country's petroleum revenue to support non-petroleum economic development and become a middle-income country by 2030.