Representatives of the Belize Trade and Investment Development Service, (BELTRAIDE) and the Directorate General for Foreign Trade this morning went on national radio and television to launch a public awareness campaign to inform Belizean producers, potential exporters and exporters of the numerous opportunities available in the CARICOM market.
Ms Shauna Arnold, Export Promotion Officer at EXPORTBelize, a Unit of BELTRAIDE and Mr John Rivero, Trade Intelligence Economist at the Directorate General for Foreign Trade at the Ministry of Economic Development, Petroleum, Investment, Trade & Commerce, appeared on Open Your Eyes and LOVE FM’s Morning shows, and spoke on the suspension request of the Common External Tariff (CET) under CARICOM.
The CET is a harmonized coding system for the importation of goods outside of the CARICOM region. The request for suspension on the CET is made when a CARICOM member state cannot acquire a desired good from one of the CARICOM countries consequently seeking suspension or reduction of the tariff by the Council for Trade and Economic Development (COTED). Since there is a section under the CARICOM agreement that provides for the free movement of goods in which all imports from CARICOM Member States that meet CARICOM rules of origin enter duty free, the products outlined in CET suspension requests provides an indication of other products that Belizean producers can supply to the CARICOM region.
During the shows, both officers spoke at length on the trends for the demand of various goods in CARICOM. These include items such as coconut oil, soybean oil, soybean meal, palm oil, raw cane sugar, white refined sugar etc.
They also spoke on the assistance being provided to current and potential Belizean exporters by the Government, through BELTRAIDE, as well as the various fiscal development incentives available to Belizean businesses.
For further information on the CET suspension request please visit the BELTRAIDE website: www.belizeinvest.org.bz/exportbelize (click on CARICOM EXPORT OPPORTUNITIES).