On September 5th, 2018, the Belize Trade and Investment Development Service (BELTRAIDE), through its SBDCBelize and EXPORTBelize technical units, has partnered with National Bank of Belize Ltd (NBB), to provide capacity building to the Bank’s clients in the areas of enterprise, export, and human resource development. Continue reading “BELTRAIDE Signs Memorandum of Cooperation with National Bank of Belize”
On Wednesday March 16th the Belize Trade and Investment Development Service, BELTRAIDE and Atlantic Bank Ltd. signed a memorandum of understanding to partner in outreach initiatives where possible. This first of its kind partnership features the Government’s leading development agency and one of the country’s largest financial commercial banks agreeing to sensitize entrepreneurs and the business community on services and products aimed to improve their business enterprises.
The agreement also seeks to promote global trade finance programs including pre-import and pre-export financing. Ms. Lejia Melanie Gideon, General Manager of Enterprise and Innovation Division, Beltraide signed on their behalf while Ms. Sandra Bedran signed on behalf of Atlantic Bank Ltd.
Notice for CARIFORUM Fashion Firms
Invitation to participate in Dominicana Moda 2014
October 20-25, 2014
Santo Domingo, Dominican Republic
The Caribbean Export Development Agency (Caribbean Export) under the 10th European Development Fund (EDF) will be collaborating in the organization of Dominicana Moda 2014 (DM2014) in Santo Domingo, Dominican Republic. Caribbean Export is highly committed to the development of the Fashion sector in the Region and seeks to enable opportunities such as these to engage relevant stakeholders and foster sector-wide integration. This collaborative effort will provide a great opportunity for emerging and established fashion designers in the Caribbean to expose their vision at a regional and international stage, thus positioning the Caribbean as an international go-to location for Fashion design and ingenuity.
In the past 9 years, Dominicana Moda has grown to be the official Fashion Week of the Dominican Republic thus the most important platform for the Fashion Industry. Throughout its history it has certainly become the fastest growing runway show in the Latin American region.
Dominicana Moda is a yearly event for around 6 days of continuous runway shows where the best brands and designers come together. Major fashion houses have participated in the past, and this year it will surely continue to grow. Continue reading “Expression of Interest Notice – Dominicana Moda 2014”
Public and Private Sectors Meet on Economic Development
Today, the Belize Biltmore Plaza was the site of a very high-profile, high-powered economic forum, under the theme – Strengthening Partnership for Growth. It’s the third of its kind, an initiative to strengthen the collaboration between the public and private sectors in Belize. Industry stakeholders, big business operators, bankers, financial experts, entrepreneurs and government officials engaged in panel discussions on various pertinent topics with one goal – developing the economy. Mike Rudon was at the opening ceremony this morning and has the story.
Mike Rudon, Reporting
The first business forum took place in 2011, an effort by government to open meaningful dialogue with the private sector in Belize. Since then the initiative has taken flight, and today there was massive participation from private sector stakeholders, as well as industry giants and financial experts. Traditionally the sessions have been speech-centred, but this year it’s being done different to allow for more interaction, input and constructive discussion.
Mike Singh, C.E.O., Ministry of Trade and Investment Promotion
“This year we’re doing panel discussions, and we’ve brought in people from key areas in government, key areas in the private sector, key areas in the productive sector to sit and have discussions on specific topics, to discuss issues like competitiveness, education, skill needs…I could go through a long list but I believe that there are four panels after which there are question and answer sessions with the private sector. The Prime Minister is on hand to address any issue that they might have, and I also believe that for him it will be a learning experience as well because it really is intended to be a two way thing, not a one way speech-giving activity.”
Trade and Investment C.E.O. says GOB is Growing Jobs
The latest statistics on unemployment in Belize, released a few weeks ago by the Statistical Institute, shows an increase in joblessness in the districts. The only increase in employment was in Belize City, a result of the ongoing city infrastructure projects. The dialogue between the public and private sectors is focused on driving the economy and in his address this morning the Prime Minister made special mention of new projects to be labour intensive. So while job creation is a priority of development, is it a reality in Belize today? Ministry of Trade and Investment Promotion, Mike Singh, says it is.
Mike Singh, C.E.O., Ministry of Trade and Investment Promotion
“In the major sectors they’re actually hiring more people. The Prime Minister spoke about the second sugar mill in the west. I know for a fact that they are up to about five hundred and fifty new employees, just in that factory alone, and as they expand they expect to be up to about eight hundred and fifty. In the north sugar is growing, you’ve seen the numbers, production is up. They are planning an expansion program as well. Citrus is getting back on its feet. Shrimp…there’s going to be a lot of discussion about shrimp. In fact, one of the gentlemen on my panel is Mr. Alvin Henderson, and he will tell you that his production is growing, his exports are growing, and he is expanding jobs. The former Fresh Catch Tilapia Farm, for instance, is now back in operation. It’s now called Fine Catch. It’s owned by Mr. Michael Feinstein, and in a discussion I had with him three weeks ago, he expects to have between four to six hundred people employed there once they get into full production.”
Belize joins the Global Entrepreneurship Monitor (GEM), through the execution of a Compete Caribbean project in Belize to strengthen the Economic Development Council (EDC) [BL-CC2037] and improve the business climate and entrepreneurship; Belize, for the first time, has joined the Global Entrepreneurship Monitor (GEM). Three members of Belize’s National GEM team are attending the annual meeting of GEM national teams in Santiago, Chile.
Other team members for Belize are representatives from the Ministry of Economic Development, the Directorate of Foreign Trade, and the Belize Agro-productive Sector (BAS Group). This national team will be the coordinating body for the two entrepreneurship measurement tools, the Adult Population Survey (APS) and the National Expert Survey (NES).
Notably, GEM is the largest single study of entrepreneurial activity in the globe, which is an academic research consortium that measures and monitors entrepreneurial development, and activities around the world. As the New Year slowly ages, Belize has seized another remarkable opportunity to network with 80 economies, including the other Caribbean countries, such as Barbados, Jamaica, OECS, Suriname, and Trinidad and Tobago.
A country like Belize can benefit significantly from this membership. As these two distinctively designed surveys dissects a nation’s various economic, social, and well-being indicators, which can paint a clear picture or diagnosis of data relating to the three key types of entrepreneurship: force drive, efficiency driven and innovation driven. From this diagnosis, Belize can analyze entrepreneurship bottlenecks, economic development opportunities; but most importantly design and execute more impactful policies and initiatives for enterprise development. Continue reading “Global Entrepreneurship Monitor”
In order to get into the international market, you need the international connections, tools, and information to make it happen. As an item within the Annual SBDC Network Conference, in Orlando, Florida, BELTRAIDE, through its Small Business Development Centre (SBDCBelize), signed off on a Memorandum of Understanding to access SBDCGlobal.com, a powerful and free online trade platform that will link the 750,000+clients of the U.S.., Mexican, Salvadoran, and Colombian Small Business Development Center Networks for international trade opportunities. The MOU was signed by Ms. Melanie Gideon, Deputy Executive Director, BELTRAIDE, and Robert McKinley, Vice President, UTSA Institute for Economic Development. The signing was witnessed by representatives of the Organization of American States (OAS) and Caribbean Export Development Agency (CEDA).
Belize (with only one Centre operating for less than a year) is the second country in Central America, (and the first in CARICOM) to sign off on the MOU and to access this trade platform, following El Salvador who sign off last week, after three years of operating a SBDC Network.
Feel free to visit SBDCGlobal.com, where BELIZE is newly being showcased along the other four countries on the platform and learn how it can be helpful to you, regardless of whether you are an experienced trader, or a start up.