Timor-Leste is located in the Southeast Asia, Northwest of Australia at the Eastern end of the Indonesian archipelago. The country is in transition from conflict to development after it gained independence from Indonesia in 2002. Over the past years, the economy has grown rapidly, in particular, due to its endowment of natural resources. Timor-Leste has a narrow export basket as oil and gas exports constitute more than 90% of total exports. Coffee has a little share in total exports. Timor-Leste mainly trades with countries in the region i.e. Singapore, South Korea, China, Indonesia, India and Japan. Main imports are capital goods required to rebuild the country’s underdeveloped infrastructure. The country has applied for membership to the Association of Southeast Asian Nations (ASEAN).