INDUSTRY AND MANUFACTURE
The VI Constitutional Government developed a draft Industrial Policy led by the Ministry of Commerce and Industry. The draft policy states that Timor-Leste will focus on resource-based industrialization in the short and medium term that is complementary to agriculture, tourism, mining, oil and gas and construction. Resource-based industrialization will focus on agro-processing, construction materials, downstream processing of petrochemicals, and handicrafts.Potential products that are well-suited for manufacture in Timor-Leste include:
- Processing of agricultural raw materials, such as rice, coffee, soybean, edible oils and fats (including coconut oil), candlenut oil, soaps, corn flour, animal feed and peanuts.
- Expanding production of salt and fertilizers.
- Substituting imports of building materials (including cement, concrete, timber, and bricks)
- Promoting supply of wood-based (including teak) and bamboo-based products, including in the manufacture of furniture and construction.
- Adding value to handicrafts through modern processing and assembly technologies.
- Processing of oil (from crude exports) and oil waste (into carbon fiber) and the development of downstream petrochemical industries