The new maritime boundary between Australia and Timor Leste. Department of Foreign Affairs and Trade. Third, the eastern lateral boundary comprises a number of segments that extend much further to
A new path to dispute settlement. same success in other complex and highly contested cases across the region. On 9 May, the United Nations Conciliation Commission (UNCC) concerning the Timor Sea dispute between Timor-Leste and Australia released its final report . This was the first time such a form of compulsory dispute resolution had been
The maritime boundary issue in the Timor Sea dates to even before Timor-Leste first gained independence from Portugal. Indonesia, which annexed Timor-Leste in 1975 shortly after Portugal relinquished control, had claimed a continental shelf on the basis of the median line between the opposite coasts of Timor-Leste and Australia.
Timor-Leste is rapidly running out of revenue and development options. Over 90% of its annual budget comes from revenues from oil fields that are expected to be depleted within the next five years. . 260 487 33 164 46 198 111 161