East Timor's Historic ASEAN Membership: A Political Victory Amid Economic Uncertainties

East Timor is set to become the 11th member of ASEAN, fulfilling a long-held political aspiration. As Southeast Asia's poorest nation, it faces economic challenges despite potential political benefits. Analysts are optimistic but cautious about the move's economic impact given East Timor's small, oil-dependent economy.

East Timor, Southeast Asia's newest nation, is on the brink of a significant milestone as it prepares to join the Association of Southeast Asian Nations (ASEAN) this weekend. Analysts view this political advancement as a crucial step, although the economic implications remain uncertain.

Historically a colony of Portugal and gaining independence from Indonesia in 2002, East Timor has long aspired to join ASEAN. With persistent efforts, the nation was granted observer status in 2022, culminating in its formal membership at the upcoming summit chaired by Malaysia.

The nation's leadership, including Independence heroes President Jose Ramos-Horta and Prime Minister Xanana Gusmao, envisions ASEAN membership as a strategic move for political legitimacy and influence. Despite economic concerns surrounding its small and oil-reliant economy, officials remain optimistic about regional support and potential reforms.

(With inputs from agencies.)