EXPORTbelize, a unit of BELTRAIDE is responsible to identify viable export markets and opportunities for its clients. After attending China-LAC in November of 2018 and analyzing the market in China, it was noted that there is great potential for Belizean Export Companies to enter into the Chinese market. Continue reading “China: As an Export Opportunity”
EXPORTBelize in collaboration with the Belize Bureau of Standards held a Stakeholder Consultation on Tuesday August 15, 2017 at BELTRAIDE’s Headquarters in Belmopan City. This consultation was aimed to review and discuss the Final Draft for the CARICOM Regional Standard on Cocoa and Chocolate Products where approval or disapproval of the standard would be commented on and submitted by Belize for further submission to CROSQ, the regional organization for standards. The session consisted of those key stakeholders within the cacao industry who the regional standard, when passed, would ultimately impact.
EXPORTBelize in collaboration with The Nature Conservancy (TNC) held a “Meet and Greet” session with the different fishermen association and the Development Finance Corporation. The session included a presentation by EXPORTBelize to provide an insight on the Memorandum of Cooperation between EXPORTBelize and The Nature Conservancy. Continue reading “EXPORTBelize & The Nature Conservancy holds “Meet & Greet””
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).
The Caribbean Export Development Agency (Caribbean Export) in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA) will host the 3rd staging of the Caribbean Investment Summit on May, 13, 2016 at the Marriott Hotel, Miami, USA. The event will be funded and co-organised by the Inter-American Development Bank as a part of a Regional Public Goods Initiative entitled: Support to Foreign Direct Investment in the Caribbean.
Produced with support from Financial Times’ fDi Magazine, the Caribbean Investment Summit offers a unique window for investors to the region’s diverse opportunities available to them, and aims to attract a wealth of potential investors interested in the dynamic Caribbean brand.
Following the success of two previous events in London and Mexico, the Summit will bring focus to the region’s key industry sectors: renewable energy, business process outsourcing (BPO) and niche tourism. Continuing under the theme, The Climate is Right in the Caribbean, the event will provide an unmatched platform for regional Investment Promotion Agencies, senior government officials and Ministers of Government to expose their ‘shovel ready projects’ to prospective investors in their newest target market, the United States.
Over 100 high net worth individuals and investors are poised to gather at this year’s Summit which will once again be emceed by Courtney Fingar, Editor-in-Chief, fDi Magazine, Financial Times Group. The event also seeks to take advantage of the proximity of the United States to the Caribbean, as the region continues to target strategic investors under the roll-out of the recently developed Regional Investment Promotion Strategy. At this years’ event awards will be given to the Regional Investor of the Year and those in attendance will hear first-hand from investors who have successfully invested in the region.
The above article was posted on the Caribbean Export Blog Page. The original can be viewed at http://www.carib-export.com/caribbean-investment-summit-2016-miami/
EXPORTBelize, BELTRAIDE participated in La Feria International de La Havana (FIHAV) 2015 in Havana , Cuba from November 2nd – 6th. FIHAV is a multi-sectorial trade fair which had representation from over 60 countries showcasing their products throughout 25 different pavilions. Exhibitors had opportunity to establish contacts, close business deals, exchange business experiences and become familiar with new technological developments.
EXPORTBelize participated in pre-arranged business meetings which were facilitated by the Embassy of Belize in Cuba and the Cuban Chamber of Commerce. The objective of our participation was to conduct an initial assessment of the opportunities for Belizean products to be exported and to learn how to conduct business in Cuba. Some of products of interest includes chocolate liqueur, corn, beans, juices, hot sauces, furniture, cleaning products, chicken and beef.
EXPORTBelize received strong inquiries for various Belizean products and will continue discussions with Belizean producers and all the necessary government officials responsible for importation in Cuba to facilitate matchmaking and to foster trading relationships between the two countries.
It is evident that in recent years, Belize has seen the advent of the business process outsourcing (BPO) industry with the boom of contact centers providing services to various offshore companies. The first center opened its doors in 2005 and today, there are 14 active BPO’s in Belize offering both outbound sales and inbound customer service. Though the interest in Belize’s BPO industry continues to be strong, there is a shifting focus where multinational companies seek to outsource their I.T. services in Latin America and the Caribbean in order to tap into lower costing near shore markets due to rising costs in Asia, while also leveraging a new talent pool of ICT innovation.
The worldwide I.T. outsourcing (ITO) market is forecast to reach $288 billion in 2013, a 2.8% increase in U.S. dollars from 2012 according to Gartner, Inc. Statistics also show that ITO markets in emerging Asia/Pacific, Latin America and Greater China will all grow more than 13% in 2014 with the expansion of multinational buyers into these regions. So where does this leave Belize amidst this growth in the global ITO industry?
According to a recent study, the University of Belize has churned up to 105 graduates in I.T. with 56 earning a Bachelor’s degree and 49 earning an Associate’s between 2010 and 2013. During this same period, the Junior Colleges in Belize that offer an I.T. Associate degree program have produced 185 graduates in I.T. with Galen University recently introducing its program being scheduled to graduate 18 in 2014. This means that in four (4) years, we have produced close to 308 programmers in Belize’s I.T. talent pool; however, there are two major problems that are at hand.
First, though many students are graduating with degrees in I.T., only a few work in the field after they graduate due to a lack of professional I.T. careers or job opportunities in Belize. The few that are available, fill up by the brightest, leaving the others to either become freelance entrepreneurs, or to work in a field completely unrelated to I.T. Secondly, because of this, the interest of I.T. and students majoring in it have fallen due to fears of not being able to obtain work in the market after graduation. The study shows that total tertiary I.T. graduates in 2011 fell from 85 to 75 in 2012. So how can we leverage this available talent pool in Belize. Continue reading “Belize’s Hidden Treasure in I.T. Outsourcing”
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.