Timor-Leste Officially Joins WTO

Timor-Leste officially became the 166th member of the World Trade Organization on Aug. 30 following seven and half years of negotiations, the WTO announced. The nation applied for WTO membership in 2015, and a working party was established in response in 2016. The working party wrapped up negotiations in January 2024. Concurrent with its accession, Timor-Leste accepted the WTO deal on fisheries subsidies, making it the 83rd WTO member to accept the deal.