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”
The Government of Belize (GOB), through the Ministry with responsibility for Investment, Trade and Commerce, along with the Belize Trade and Investment Development Service (BELTRAIDE), hosted the Belize Agriculture Investment Mission in partnership with the Republic of China (ROC) Taiwan on October 20 – 26, 2019. Continue reading “HIGHLIGHTS OF THE BELIZE-TAIWAN AGRICULTURE INVESTMENT MISSION October 20 – 26, 2019”
EXPORTBelize also conducted secondary school visits to business students of Our Lady of Guadalupe High School in the city of Belmopan and Our Lady of Mount Carmel High School in Benque Viejo del Carmen. The objective of such visits were to build awareness of the services provided by the unit and to encourage the students that it is never too early to start thinking about their career paths and should they want to venture into becoming an entrepreneur, competing locally and gradually exporting, they are aware of some necessary steps that must taken.
EXPORTBelize, Beltraide and The Nature Conservancy facilitated a working session with fisher groups from Hopkins, Placencia, Punta Gorda, Sarteneja, Dangriga and Belize City, along with a representative from the Belize Federation of Fishers, to discuss development of Belize’s Seaweed Industry. This session is just one activity under a Memorandum of Cooperation (MOC) signed between BELTRAIDE and The Nature Conservancy in November 2016. A key objective of the MOC is to encourage a sustainable seaweed industry in Belize that provides products for local and international markets and directly impact livelihoods of coastal communities while restoring ecosystem health.
Each group was given the opportunity to report on the status of development relating to seaweed and to report on challenges faced in trying to advance their seaweed operations. The discussions were fruitful and the groups embraced a collaborative approach, offering advice to one another and applauding each other for efforts and accomplishments to dates. Both Agencies took the opportunity to outline their roles in the partnership and facilitated discussions on strategies to address challenges faced. The session concluded with discussions on the way forward relating to capacity building, marketing, market research and other efforts to advance development of the industry.
The Cabinet Subcommittee on Investments (CSCI) visited Belize Natural Energy (BNE) along with the Belize Trade and Investment Development Service (BELTRAIDE) and the Belize Bureau of Standards (BBS) in exploring energy investment opportunities on May 6th, 2016. In attendance included the Chair of the Subcommittee, Hon. Tracy Taegar Panton, Minister of State in the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce along with Hon. Manuel Heredia, Minister of Tourism and Civil Aviation and Hon. Vanessa Retreage, Attorney General at the Attorney General’s Ministry. The BNE team provided the delegation with a very insightful tour of the facilities including the components on oil and gas.
The Cabinet Subcommittee on Investments (CSCI) is a ministerial committee that was established in early 2013 to review large scale investment projects and conduct assessments ensuring meaningful investments while maximizing benefits to the people and Government of Belize. BELTRAIDE serves as the secretariat. For further details on investment opportunities in Belize, feel free to contact BelizeINVEST, a unit of BELTRAIDE at firstname.lastname@example.org or +501-822-3737 / 0175.
As part of its mission to assist small business owners to become more competitive, Beltraide established a booth at the National Agriculture and Trade Show in Belmopan, which allowed several locally owned businesses to market and sell their products to a wide market of Belizean consumers.
Visitors to the booth had the opportunity to sample Fibber’s sauces, a variety of jams from Belizean Home Made Jellies, Tambranero sauces, mosquito repellent and beauty products from Jerusalem Beauty Company, beauty products from Cocoa & Company and Che’il Mayan chocolates.
Visitors also obtained first-hand information on the services offered by Beltraide as part of its role to attract and facilitate investment to Belize. The highlight of the activities at the booth was the raffling of a gift basket of Belizean products and a basket of Jams courtesy of Belizean Home Made Jellies.