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BELTRAIDE COVID-19 RESPONSE: SERVING CLIENTS REMOTELY


Stemming from the global COVID-19 outbreak, the Government of Belize announced a series of measures in response to this imminent threat, including proper hygiene and social distancing. Even though there are no confirmed cases of COVID-19 in Belize at this time, our
team at BELTRAIDE is taking preventative measures to protect our employees and clients.

Therefore, while BELTRAIDE remains open for business, we strongly encourage our clients and members of the public to contact us via telephone or email to ensure that all are protected, in the event that the current situation changes. Rest assured that our team is fully equipped
to provide the required services to fulfill your business needs virtually.

Kindly contact us for support and services via the following:
BelizeINVEST for Investment and Aftercare Services:
Tel: 822-3553 or Email: investment@belizeinvest.org.bz
EXPORTBelize for Trade Opportunity and Export Services:
Tel: 822-3553 or Email: export@belizeinvest.org.bz
SBDCBelize for Small Business Development and Business Advisory Services:
Tel: +501-223-3195 or Email: sbdcbelize@belizeinvest.org.bz
BTEC for Employee Development and Capacity Building:
Tel: +501-223-0322 or Email: btec@belizeinvest.org.bz
For other services please contact our Headquarters in Belmopan via Tel: +501-822-3553 or Email: beltraide@belizeinvest.org.bz


BELTRAIDE remains committed to providing high-quality services to our clients and will continue to monitor the COVID-19 pandemic through updated press releases from the Government of Belize and the Ministry of Health. We encourage the members of the public to remain vigilant, protect yourself and your families and stay informed by following the Ministry of Health’s social media pages.

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BELTRAIDE at 20 in 2020


The Belize Trade and Investment Development Service (BELTRAIDE), celebrates its 20th anniversary with a celebration of staff, clients, and other stakeholders and the launch of its 7th Volume of the INVESTBelize Magazine under the theme BELTRAIDE at 20 in 2020!

Over the past two decades BELTRAIDE has partnered with forward-thinking organizations in an effort to elevate their client success, accelerate economic growth and enhance the country’s regional and international reputation as a competitive business destination. 

 As a part of its 20Year Anniversary celebration, BELTRAIDE has been receiving congratulatory messages from stakeholders who have been instrumental to the success and progress of the organization. Many of these clients’ stories also appears in the 7th edition of the InvestBelize magazine which, since its inception in 2012, has forged an impressive path, attaining widespread recognition and becoming an authoritative publication for opportunity seekers, buyers and various business professionals. It remains BELTRAIDE’s flagship publication for information on business in Belize including national development updates, as well as opportunities in investment, trade, entrepreneurship and training. 

In the continued quest of promoting digital transformation in the wake of the COVID-19 pandemic, this special edition of the INVEST Belize Magazine is the first to be launched in a fully digital format. The published Magazine will be available at https://www.belizeinvest.org.bz/magazine.html  

Industrial Hemp: A New Investment Prospect in Belize


On November 4, 2017, the Amendment to Belize’s Misuse of Drugs Act effectively eliminated industrial hemp from the list of controlled substances, thus opening the door for hemp cultivation, and subsequent value-addition mainly for export. Since the new Amendment, BelizeINVEST, a unit of BELTRAIDE, has received several hemp investment interests seeking to develop hemp-based products such as oils, protein-rich powders, textiles, Cannabidiol (CBD), among others.

Continue reading “Industrial Hemp: A New Investment Prospect in Belize”

National Competitiveness Month 2020


As part of BELTRAIDE’s Business Continuity Plan (BCP), this year’s National Competitiveness Month was hosted via a series of virtual webcasts from May 15th to 29th, 2020. Our team at BelizeINVEST, a unit of BELTRAIDE, hosted a webinar on May 21st, 2020, on the topic “Investment Diversification Opportunities Post-Covid-19”.  The session covered key areas such as Regional Investment Opportunities, Investment Diversification Trends, and featured discussions of private sector case studies on the “Work from Home” transition and product diversification within multiple industries nationally and globally.

Panelists included representatives from the Caribbean Association of Investment Promotion Agencies (CAIPA), the Investment Policy and Compliance Unit (IPCU), IDB Invest, BELTRAIDE, and Private Sector Stakeholders.

The new realities and possibilities created by the COVID-19 Pandemic were at the center of the discussion, with each panelist speaking about ways in which their respective institution plans to adjust during this time.

Ms. Suzette Hudson, Senior Advisor at the Caribbean Export Development Agency (CEDA), emphasized on the need for nations in the Caribbean Region to adapt to an ever-changing investment climate by embracing new emerging industries. These industries, for example, include the Offshore Outsourcing Sector, and the countless opportunities that will be created through the introduction of Artificial Intelligence (AI) and Robotics.

The premise of this new approach includes scenarios where diversification across industries are of paramount importance.

During the session, Mr. Linsford Coleman, representing IDB Invest, also expressed that while food security is important, there is a dire need to move up in the value chain. This means investing in more value-addition and export of products and services, while implementing efficient and technologically driven methods.

The session included remarkable Private Sector milestones in the fight against the adverse effects brought by the Pandemic. Transparent BPO, for example, shared their experience on the necessary “work from home” transition, and the immense success that came along with the adjustment. Travellers Liquors Ltd., also present at the session, ingeniously diversified their product line by shifting from liquor to sanitizer production in supporting the already growing COVID-19 demand.  

Furthermore, the Creative Industry was also cited as being a low hanging investment prospect. In other words, investment in the requisite infrastructure along with targeted incentive programs to attract the film industry could have a profound impact on the economic recovery efforts of Belize, and other Caribbean Nations.

For more information on existing and emerging investment opportunities in Belize, kindly contact the Belize Trade and Investment Development Service, BELTRAIDE, via email at investment@belizeinvest.org.bz.

To view a recording of the session, please visit the following link: https://www.youtube.com/watch?v=1l7Ph5zf7Bk&t=372s

PRESS RELEASE: Strengthening the Bilateral Trade and Investment Relationship between Belize and Florida


On March 3 – 4, 2020, the Belize Trade and Investment Development Service (BELTRAIDE), a statutory body under the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce of the Government of Belize (GOB), were hosted at a two (2) day outbound Belize Business Mission in Tallahassee, the capital city of the state of Florida in the U.S. Belize and the state of Florida have long maintained bilateral commercial relationships in areas of trade, investment and enterprise development. Apart from serving as the primary port and airlift gateway for Belizean exports and travelers into the U.S., many members of the Belizean diaspora also currently reside within the state presenting several opportunities for greater commercial, educational and other exchanges in development.  

For this reason, the mission was organized around the core objective of further assessing key points of partnership in trade and investment development with the state of Florida specifically, while promoting bilateral opportunities for market access and investment diversification. As a part of the visit, several meetings were held at the State Capitol with key members of the state’s legislature including members of the Senate and House of Representatives. The visit also included meetings with Florida’s Secretary of State, Laurel M. Lee, and Florida’s Lieutenant Governor, Jeanette Nuñez, in further discussing bilateral trade and investment engagements between Belize and the State of Florida. Furthermore, the mission included a meeting with Mr. Jamal Sowell, Secretary of Commerce and the CEO of Enterprise Florida, BELTRAIDE’s counterpart trade promotion and development agency.

The Belize delegation was led by Dr. Leroy Almendarez, Executive Director of BELTRAIDE and included Ms. Shahera McKoy, Manager of EXPORTBelize, and Mr. Hero Balani, Manager of BelizeINVEST Generation, units of BELTRAIDE. The mission was organized in collaboration with Mr. Michael D. Young, Executive Director of the Belize American Chamber of Commerce, as well as, Mr. Shawn Foster and Mr. Sam Wagoner of Sunrise Consulting Group in Florida. Several follow up actions are already underway including the potential organization of a follow-up mission from Florida to Belize from September 10 – 14, 2020.

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