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In 1999, upon his return to Timor-Leste, Alkatiri was appointed by the President of CNRT to take charge of the negotiations over the Timor Sea affairs. He was the Chief Negotiator in the negotiations with Australia that lead to the achievement of the Timor Sea Treaty in 2002, which regulates the split of royalties from the resources in the Timor Sea – practically the treaty that brings to Timor-Leste billions of dollars to date, the important resources to finance the reconstruction, the State building and Nation building of Timor-Leste.