As of July 1st, 2014, the EXPORTBelize Unit has undertaken a new initiative that is investigating the current financial infrastructure of Belize, and more specifically, how it caters to exporters. The primary objective of the initiative is to amplify the amount of Trade Finance services being utilized in the country. Simply put, Trade Finance refers to a specific type of lending or credit issued to commercial enterprises that allows for secure and efficient international transactions. The initiative will work closely with the financial sector of the economy to better understand the services that are available, how they are being used, and what needs to be adapted. Additionally, the initiative is working closely with the exporters of Belize to explore how Belizeans have thus far engaged in trade finance and also, how their needs are, or are not, being met. From this research a pilot program for Trade Finance facilitation in Belize will be constructed. The program will recommend the best-suited trade finance services for the Belize financial sector and outline the necessary steps for their implementation. It will also provide a guide to accessing the correct Trade Finance services for your business. With the completion of this initiative, sharing your product with the rest of the word will be easier than ever!

As stakeholder engagement is a key component of this initiative, we ask that active participants in the productive sector take the time to complete a short survey of 12 multiple-choice questions. Please follow the link below:

http://200.32.211.74/limesurvey/index.php/839198/lang-en

The research is being led by our international intern, Arthur Staub, who will also serve as the primary contact person. If you would like to be further involved in this process, please contact Mr. Staub at arthur@belizeinvest.org.bz.

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