The negotiations on the Partial Scope Agreement (PSA), between the Government of Belize and the Government of the Republic of Guatemala, were launched on November 22, 2004. Both countries signed the agreement on 26th June, 2006. In 2009, Belize deposited its Instrument of Ratification to the CARICOM Secretariat and obtained CARICOM’s approval of the Agreement and completed its internal process of ratification that year. Guatemala completed its ratification in March of 2010. With the exchange of information notifying the completion of the internal process in each country, the PSA took effect on 4th April, 2010, thirty days after Guatemala completed its internal process of ratification.

This is Belize’s first negotiated bilateral trade agreement and one which takes into account the obligations to the CARICOM Single Market and Economy (CSME). This agreement has been seen as an opportunity to enhance trade and commercial relations for both countries.

Currently, Belize has completed the three phases of tariff reductions as outlined in the Tariff Schedules of the Agreement. The main products benefiting from this agreement are: citrus, tilapia, cattle, yellow corn, black beans, red beans, poultry and pepper sauce. This market is expected to offer premium prices relative to world prices. The PSA covers 150 goods, including certain goods under the headings of: animal products; prepared foodstuffs; products of the chemical or allied industries; plastics and articles thereof: rubber and articles thereof; wood and article of wood, wood charcoal; paper and paperboard, articles of paper pulp, of paper or of paperboard; textiles and textiles articles; footwear, gaiter and the like; parts of such articles; glass and glassware; base metals and articles of base metal; and other items.

Read the rest of this entry »



 EMPLOYMENT OPPORTUNITY

The Belize Trade and Investment Development Service (BELTRAIDE) is a statutory body of the Government of Belize mandated to perform functions and duties related to:

  • Trade Development and Promotion
  • Investment Generation and Promotion
  • Enterprise Development and Facilitation

BELTRAIDE operates within the portfolio of the Ministry of Trade, Investment Promotion, Private Sector Development, and Consumer Protection.

BELTRAIDE is seeking the services of a suitably qualified and experienced person for the post of Business Development Officer.

RESPONSIBILITIES:

  1. Proactively outreach to potential investors around the world in target sectors through direct communication, in-person contact or via a Belize diplomatic mission in the investors’ home country;
  2. Prepare ‘templates’ of suitable itineraries for potential investors in the Internationally Traded Services and Industry sectors that could be adjusted to accommodate the interests of particular investors;
  3. Maintain and improve investor relations by establishing contact, providing them with the relevant information on investment opportunities and schemes, and providing business support; including responding to investor queries, making referrals, and assuring appropriate follow-through and/or resolution;
  4. Proactively develop good working relationships with relevant Ministries, government agencies and departments, and other industry organizations to learn about industry needs and identify investment and trade opportunities;
  5. Research best practice with other trade and investment providers to ensure its incorporation into divisional procedures, processes and policies;
  6. Assist in the preparation of trade/investment promotion literature, covering investment packages such as, but not limited to booklets, industry profiles, and promotional videos on investment opportunities in Belize;
  7. Maintain and develop close support and co-operation between all sections within investment development services and the Directorate in all aspects of the business planning process.

Read the rest of this entry »


Bridgetown, Barbados, September 5, 2014 . The Caribbean Export Development Agency (Caribbean Export) and the Caribbean Association of Investment Promotion Agencies (CAIPA) have announced the 2nd hosting of the Caribbean’s Regional Investor of the Year Awards 2014 (RIYA 2014).

RIYA 2014 is a prestigious and unique annual award programme that seeks to recognize and salute the achievement of pan-Caribbean foreign and local investors. These investors have demonstrated exceptional business practices, economic achievements and investments across the Caribbean. The awards recognize the contribution of not only foreign but also local investors, to improving the region’s investment climate. Read the rest of this entry »


Small Business Owners Receive Financial Aid for Startups

A series of checks in various denominations were distributed this afternoon to small business owners who will use the financial assistance as venture capital and for the expansion of their businesses.  They gathered at the Radisson where Chief Executive Officer in the Ministry of Trade and Economic Development Mike Singh was on hand, along with a representative of the Taiwanese Embassy, to present the disbursals.  The assistance is part of a collaborative effort between Beltraide, the Center for the Promotion of Micro and Small Enterprises and the Embassy of Taiwan.  News Five’s Isani Cayetano has the following story.

 

Isani Cayetano, Reporting

The emergence of small businesses across the country, from mom-and-pop stores in rural communities to medium enterprises with a complement of employees carrying out the day-to-day operations of the concern, aids in bolstering the Belizean economy.  To get any venture off the ground successfully however, a formal business plan has to be outlined and seed capital needs to be infused into the initiative.  It’s all part of a blueprint for entrepreneurship.

  Read the rest of this entry »

Caribbean Exporter’s Toolkit


Caribbean Exporter’s Toolkit

Any business can export products or services but the process can be complex and challenging and success is far from guaranteed. Yet, when it is approached with careful deliberation, exporting can be a rewarding growth strategy for any business.  Whether you are a sole trade offering consulting services or manage a 500-person manufacturing facility, exporting offers you opportunities for growth, increased sales and diversified markets. But a marketable product or service is only the beginning.  Exporting takes time and effort. It also takes resources and a strong commitment to compete beyond your current borders. If you are focused and committed you must first assess your readiness to enter the global marketplace.  Follow our 10 Steps guide to help to achieve success in exporting.

10 Steps to Exporting

Follow

Get every new post delivered to your Inbox.

Join 549 other followers

%d bloggers like this: