Overview
- The Parseria Foun ba Era Foun declaration formalises an expanded partnership spanning economic, security and development cooperation.
- Australia announced an Economic Cooperation Package with $8.2 million for ASEAN and WTO participation, an $80 million private sector program, and a $220 million human development initiative.
- Canberra committed 10% of Australia and Timor-Leste’s combined future upstream Greater Sunrise revenue, once the project is finalised, to Timor-Leste’s Infrastructure Fund.
- The agreement deepens defence ties and sets joint cyber goals including skills development, public awareness and law-enforcement information sharing, alongside enhanced police, border and migration cooperation with access to a 10-year Frequent Traveller Stream visa.
- Implementation will be guided by a Joint Plan of Action coordinated by the countries’ foreign ministers with annual reviews, following Albanese’s first visit to Dili where he addressed parliament and received the Grand Collar of the Order of Timor-Leste.