The Belize Trade and Investment Development Service (BELTRAIDE) launched its Volume 6 of the Invest Belize Magazine, a signature piece which encapsulates business opportunities in Belize; under the theme, “Our Green Economy, Your Trade Opportunity”. In the continued quest to promoting long-term development, the Volume 6 magazine was printed on sustainably grown paper, with the intent to resonate sustainable and eco-friendly practices in the public and private sector. Continue reading “Launch of INVESTBelize Magazine Volume 6”
Belize’s natural resources, pro-business investment climate, democratic stability, and incentives have led to steady growth in Foreign Direct Investments (FDI). The Government of Belize’s (GOB) strategic commitment to support the sustainable development of its priority industries, such as, Agriculture, Fisheries & Aquaculture, Offshore Outsourcing, Sustainable Energy, Logistics & Light Manufacturing, and Tourism, has contributed to a 17% increase of FDI inflows in 2016, when compared to 2015. Continue reading “Belize, Your Natural Niche”
BELTRAIDE, in partnership with McNab publishing launched Volume 4 of the Invest Belize Magazine on November 2, 2015. Since 2012, the Invest Belize magazine published by BELTRAIDE serves as an effective promotional platform for Belize, showcasing business success stories and investment opportunities. This platform has enabled businesses in Belize to be seen by thousands of readers every year both nationally and internationally.
The publication’s objective is to provide investors with firsthand information on Belize inclusive of up to date statistics, articles, success stories and ads of projects and services being offered by Belizean enterprises, thus truly enabling a one-stop-shop for matchmaking and promotion! BelizeINVEST, the unit of BELTRAIDE charged with investment generation and aftercare, specifically champions the magazine by including it in investment packages presented at various international trade shows, expos as well as a strong presence at our foreign offices through the diplomatic core. In essence, the publication is a global one placing Belize on the map while targeting specific projects and investments within the priority investment sectors.
BelizeINVEST has catalyzed the elevation of Standard & Poor’s sovereign rating for Belize to “B-/Positive/B.” FDI Intelligence’s Caribbean and Central American countries of the future 2015/2016 also awarded Belize for ranking in the Top 10 for best FDI strategy and cost effectiveness, attesting to Belize’s innovative efforts and increasing competitiveness within the region. A part of this innovation being the Invest Belize magazine of course!
Belize continues to remain on a strong growth trajectory for investment. We continue to provide ample business opportunities and favourable rates of return to investors both local and foreign that seek to capitalize on a given venture in Belize.
The Belize Invest arm of BELTRAIDE, represented by Mr. Brian Lin, Manager of Investment Genegration, BELTRAIDE, participated in the Caribbean Investment Summit in London, United Kingdom on September 10, 2015 hosted by the Caribbean Association of Investment Promotion Agencies (CAIPA).
The summit forms part of a larger project developed by CAIPA to promote investment opportunities in the Caribbean to potential investors in Europe. BelizeInvest highlighted a list of upcoming projects that were selected based on a criteria suggested by CAIPA. The projects include:
* GSR Energy Ltd. : Bio ethanol plant and co-generation facility
* Orchid Bay Belize : Commercial residential and resort development
* Mel Ltd. : Development of an international airport in Placencia
Following the summit, a survey was conducted to evaluate BelizeInvest’s service during the summit. The table below highlights the feedback:
|Indicator’s Assessed||Rating( with 5 being the best)|
|Support and Facilitation||5|
|Overall service and experience||5|
|Testimonial attesting to
BelizeINVEST’s service delivery:
Brian Lin (right) , Manager of Investment Generation, Beltraide
Targeting existing investors to reinvest in the Caribbean and creating linkages in the domestic economy between investors and local suppliers to drive investment growth were issues at the centre of the strategy recommended to the region’s’ Investment Promotion Agencies (IPAs) at the recently held workshop facilitated by the Caribbean Export Development Agency (Caribbean Export) in collaboration with the Caribbean Association of Investment Promotion Agencies (CAIPA) on 27-28 July in St. Lucia.
During the workshop, 22 representatives from 11 IPAs across the Caribbean region were exposed to best practices in facilitating existing investors and in key account management. “It takes up to 3 years to secure an investment from a greenfield project”, noted the CAIPA President, McHale Andrew of Invest Saint Lucia, “but it can take as little as 1 year to secure additional investments from an existing investor. With the current challenges of reduced promotional budgets and a demand for increased foreign investment and jobs, it seems logical that we seek to engage further with those investors who have already partnered with us”, continues the CAIPA President.
The training forms a part of initiatives undertaken through the provision of funding assistance by the Inter-American Development Bank under a Regional Public Goods Programme entitled “Support for Foreign Direct Investment in the Caribbean.” The main objective of this project is to assist the Caribbean Investment Promotion Agencies in the positioning of the region as a location for Foreign Direct Investment (FDI) and to present the Caribbean as a single investment destination. The project is jointly financed with Caribbean Export and CAIPA.
During the workshop, it was highlighted that already a significant portion of investments into the region come from reinvestments but these figures are not monitored nor incorporated as FDI. The training of the IPAs forms part of a broader initiative to develop a reinvestment programme for CAIPA and to track reinvestment figures within the Caribbean. Preliminary results from a survey of existing investors, which forms a part of this project, indicates an interest or plans by more than 50% of existing investors to expand within the host country or within the region. “Moreover,” notes the Executive Director of Caribbean Export, Mrs. Coke Hamilton, “the region’s best ambassadors and attractors of new investors are our existing investors. We treat them right, and we are already halfway to reaching our investment, jobs and export targets.”
This initiative will see the development of strategies within regional IPAs to address the needs of existing investors and to assist them in expansion plans across the region. Participating IPAs included: Invest Barbados, the Bahamas Investment Authority (BIA), the Belize Trade & Investment Development Service (BELTRAIDE), Curacao Investment and Export Promotion Agency (CINEX), the Grenada Industrial Development Corporation (GIDC), the Centre for Facilitation of Investments in Haiti, Invest Saint Lucia (ISL), Jamaica Promotion Corporation (JAMPRO), InvestSVG (St. Vincent & the Grenadines), the Investment and Development Corporation of Suriname (IDCS), and iInvesTT (Trinidad & Tobago).