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Belize Attends the 5th Korea-LAC Business Summit in Seoul Korea


The 5th Korea-LAC Business Summit, taking place in Seoul Korea from October 7th-8th, 2019, is one of the world’s largest international exchange events between the 26 IDB member countries and Korea. The objective of the forum, is to expand and strengthen commercial ties between Korea and the Latin American and Caribbean Countries, to provide a better understanding of investment and trade opportunities. The forum serves as a great opportunity for the productive exchange of ideas and information between companies working in trade and investment, transportation and infrastructure, and energy to name a few.

The event is organized and sponsored by the Inter-American Development Bank (IDB) in partnership with Korea’s Ministry of Economy and Finance, who invited Belize to (i.) participate in showcasing Belize’s investment opportunities, (ii) to discuss Investment in Infrastructure and Public Private Partnerships for improving lives, and (iii.) to participate in one on one Business Meetings targeting Food and Beverage  Companies. Belize is being represented by Thelma Montero, BelizeINVEST a unit of BELTRAIDE, Christy Mastry, Belize Infrastructure Limited (BIL), and Jody Williams, Marie Sharps Fine Foods Ltd.

For additional information, kindly contact the Belize Trade and Investment Development Service, BELTRAIDE, via email investment@belizeinvest.org.bz or at +501 822-3737.

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Business Development for the Indian Creek Mayan Arts Women’s Group


In June of 2019, Belize Trade and Investment Development Service (BELTRAIDE), through the Small Business Development Centre Belize (SBDCBelize), and Ya’axché Conservation Trust (Ya’axché) signed a consultancy agreement to partner in providing business development assistance to the Indian Creek Mayan Arts Women’s Group (ICMAWG) located in Indian Creek Village, Toledo District.

A brief overview of the Indian Creek Maya Arts Women’s Group and their services.

The partnership between BELTRAIDE and Ya’axché has allowed the organizations to join efforts in providing support geared towards community development and empowerment. In particular the Indian Creek Mayan Arts Women’s Group is receiving business development advisory services and capacity building via a tailored training program from SBDCBelize. The aim is to develop the capacity of the members, finalize structure of the group, improve the current business model and to establish a formal governing guide to be implemented for operations of the business from 2019-2021.

Light Manufacturing and Logistics: Outlook and Investment Opportunities


Belize’s abundance in investment opportunities allows for all sectors to capitalize on the country’s strategic business position. The blossoming business environment has created opportunistic gaps in the market for fruitful development to occur. One such sector that can benefit from these market gaps is Light Manufacturing and Logistics. This sector has exuberantly displayed it’s potential for investment. Moreover, the country’s thriving economy with flourishing private sector development, has created the required infrastructure to support the expansion of the Light Manufacturing and Logistics Sector.

This sector is a critical pillar in supporting Belize’s continued development, as many industries are reliant on its service and product offerings. Furthermore, the vitality of this sector can be seen in the enabling environment created through the influx of investment by the Government of Belize in improving the country’s roads, which has created a bountiful return in attracting investment to our beautiful Belize.

Light Manufacturing and Logistics Info-graphic (3)

When considering investments in Logistics, the ever expanding airlift connectivity has opened the doors for several visitors from around the world to come to Belize. Just in 2018 alone, AeroMexico announced direct seasonal flights to Belize from Mexico City, while Sun Country Airlines announced direct flights from St. Paul/Minneapolis to Belize. Additionally, continuous upgrades to existing airport facilities, both domestic and international, have catered to the ever increasing number of tourism arrivals in the country.

Belize is well positioned as a gateway to North America and the Caribbean; with Central America as its neighbor. As a member of the Caribbean Community (CARICOM), Belize enjoys preferential market access to the European Union, United States, and Canada, including bilateral trade agreements with the Dominican Republic, Costa Rica, Cuba, Colombia and Venezuela. Belize also has a Partial Scope Agreement (PSA) with Guatemala, and is actively pursuing trade relations with Mexico and Taiwan. These strategic trade agreements and geographic location have translated to a continued upward trend in the export of goods to these jurisdictions, proving beneficial to the Light Manufacturing and Logistics Sector.

The Government’s continued commitment to support this sector, via the granting of strategic investment incentives, has created an advantageous position for new development to thrive. In addition, Belize’s availability of a skilled and vibrant labor force of approximately 178,000 individuals, provides the ideal environment to foster Light Manufacturing and Logistics investments (Statistical Institute of Belize, 2019). With the recent improvement of Belize’s road infrastructure, investing in the Light Manufacturing and Logistics Sector has never been more enticing!

Investment Opportunities

The recent boom in investment across all sectors has created prolific investment opportunities in the Light Manufacturing and Logistics Sector. Some of these opportunities include, but are not limited to the following:

  • Packaging Facilities – geared toward the production of biodegradable bottles, bags, boxes and other biodegradable based materials;
  • Assembly / Furniture Manufacturing Facility – capitalize on the abundant resources in Belize for the production of furniture, garment, and other related items;
  • Value-Added Agricultural and Fisheries Products – the production of dried fruit, banana chips, cassava chips, inclusive of the processing of meats such as beef, pork and poultry and the bottling of fruit juices, among other beverages are huge opportunities to consider; the production of facial masks, cosmetics, fertilizer production, fish feed and livestock feed are additional opportunities that exist;
  • Cruise Docking Facility, Ports, International Airport and Airlift Expansion – the expansion or development of logistical facilities are needed to enhance Belize’s connectivity with the world.

For more details on investment opportunities in Belize’s Light Manufacturing and Logistics Sector, please feel free to contact our team at BelizeINVEST, a unit of BELTRAIDE.

14 Orchid Garden St.,
City of Belmopan,
Cayo District,
Belize
Phone: +501-822-3737/0175
Email: investment@belizeinvest.org.bz
Website: www.belizeinvest.org.bz

FISHERIES & AQUACULTURE: OUTLOOK


Belize’s natural resources and strategic location provide diverse opportunities for investors seeking to capitalize on investments focused on quality and sustainability. Belize offers an ideal marine environment that has bolstered continued growth and diversification in the fisheries and aquaculture industry. Being located only 2 hours away by plane from the US and other key Central American and Caribbean markets has enabled the industry to supply fresh products on a weekly basis. This continues to provide many benefits to the industry’s continued development, allowing Fisheries an income earnings contribution of up to 1.2% of Belize’s Gross Domestic Product (GDP) in 2017. Currently, the Fisheries and Aquaculture industry employs 1% of the labour force in Belize, totalling approximately 1,581 individuals with a multitude of indirect employment opportunities (Statistical Institute of Belize, 2018). Presently, capture fisheries species include Spiny Lobster, Queen Conch, Sea Cucumber and Finfish; while culture species include Pacific White Shrimp, Nile Tilapia, Cobia (Mari-culture) and emerging opportunities in seaweed farming.

Continue reading “FISHERIES & AQUACULTURE: OUTLOOK”

BTEC, BELTRAIDE completes Job Preparedness Training in Independence


The Belize Training and Employment Centre (BTEC), a unit of BELTRAIDE , in partnership with the Independence High School, has successfully completed a Job Preparedness training in Independence Village.

Participants were trained for three weeks of which the the first two weeks were facilitated primarily by BTEC staff and covered soft skills such as professionalism, resume building, communication skills, conflict management as well as customer service excellence. In the final week of training, participants parted into their technical groups of Waitstaff and Basic AC Repair which were facilitated by Mrs. Vanita Bardalez and Rudel and Danilo Coc respectively. To celebrate the accomplishments of the 25 participants, a certificate ceremony was held on August 6, 2019 in the Independence High School Auditorium where participants were awarded certificates of completion in their respective fields.

The Belize Training and Employment Centre and in extension, BELTRAIDE, remains committed to develop a cadre of well-trained, marketable and self sufficient individuals that can confidently compete in the marketplace.

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