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Law No. 3/2014 creating the Special Administrative Region of Oe-Cusse Ambeno and establishing the Special Zone of Social Market Economy.

Country/Territory
Timor-Leste
Document type
Legislation
Date
2014 (2023)
Source
FAO, FAOLEX
Original source
Jornal da República, Série I, No. 21, 18 June 2014.
Subject
Land & soil
Keyword
International trade Legal proceedings/administrative proceedings Environmental planning Land tenure Land-use planning Local government Policy/planning
Geographical area
Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia
Entry into force notes
This Law enters into force on the day after its publication.
Abstract

This Law creates the Special Administrative Region of Oe-Cusse Ambeno and establishes the Special Zone of Social Market Economy Zone of Oe-Cusse Ambeno and Ataúro, which includes the island of Ataúro as a complementary development hub. The Region's objective, in economic matters, is the inclusive development of the Region, giving priority to socio-economic activities to promote the quality of life and well-being of the community, namely: a) Development of commercial agriculture; b) Creation of an ethical financial platform; c) Creation of a free zone; d) Increase in tourism; e) Creation of an international study and research centre on climate change; f) Creation of a green research center; g) Implementation and development of industrial, export and import activities; h) Other economic activities that create added value for the Region, as well as strengthening its international competitiveness.

Full text
Portuguese
Website
www.legis-palop.org