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Partial Scope Agreement between the Government of Belize and the Republic of Guatemala


The negotiations on the Partial Scope Agreement (PSA), between the Government of Belize and the Government of the Republic of Guatemala, were launched on November 22, 2004. Both countries signed the agreement on 26th June, 2006. In 2009, Belize deposited its Instrument of Ratification to the CARICOM Secretariat and obtained CARICOM’s approval of the Agreement and completed its internal process of ratification that year. Guatemala completed its ratification in March of 2010. With the exchange of information notifying the completion of the internal process in each country, the PSA took effect on 4th April, 2010, thirty days after Guatemala completed its internal process of ratification.

This is Belize’s first negotiated bilateral trade agreement and one which takes into account the obligations to the CARICOM Single Market and Economy (CSME). This agreement has been seen as an opportunity to enhance trade and commercial relations for both countries.

Currently, Belize has completed the three phases of tariff reductions as outlined in the Tariff Schedules of the Agreement. The main products benefiting from this agreement are: citrus, tilapia, cattle, yellow corn, black beans, red beans, poultry and pepper sauce. This market is expected to offer premium prices relative to world prices. The PSA covers 150 goods, including certain goods under the headings of: animal products; prepared foodstuffs; products of the chemical or allied industries; plastics and articles thereof: rubber and articles thereof; wood and article of wood, wood charcoal; paper and paperboard, articles of paper pulp, of paper or of paperboard; textiles and textiles articles; footwear, gaiter and the like; parts of such articles; glass and glassware; base metals and articles of base metal; and other items.

Continue reading “Partial Scope Agreement between the Government of Belize and the Republic of Guatemala”

Enhancing the Caribbean’s Foreign Direct Investment Strategy


Caribbean Export Development Agency (Caribbean Export), in collaboration with the Caribbean Association of Investment Promotion agencies (CAIPA), hosted their 4th Annual CAIPA General Assembly at the Radisson Fort George Hotel & Marina, Belize on November 21-22, 2013.

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Under the theme ‘Towards an Enhanced FDI Strategy: Strengthening our Foundation and Honouring Regional Excellence’ Investment Promotion Agency (IPA)officials from Member countries that include: Antigua   and   Barbuda,   Bahamas,   Barbados,   Belize, the Cayman Islands, Curacao, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago and the Turks & Caicos Islands, focused attention on the development of  CAIPA’s Strategic and Sustainability Plan (2014-2018). The Plan is being developed with the assistance if Ideas to Business Limited.

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Another special feature of this year’s General Assembly was the inaugural hosting of the Regional Investor of the Year Award for the Caribbean territories who are members of Continue reading “Enhancing the Caribbean’s Foreign Direct Investment Strategy”

Caribbean Essence goes to the Gallery Berlin


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Bridgetown, Barbados, July 2, 2013. Caribbean Export Development Agency (Caribbean Export) in partnership with GIZ will be facilitating the attendance of five of the regions most esteemed designers to present the Spring/Summer 2014 collections as part of the Caribbean Essence Fashion Showcase at one of Europe’s largest fashion trade events The Gallery Berlin, July 2-4, 2013.

  Continue reading “Caribbean Essence goes to the Gallery Berlin”

Request by Member States for the invoking of the Safeguard Mechanism


125px-Belize_COA.svgMinistry of Trade, Investment, Private Sector Development and Consumer Protection
Sir Edney Cain Building, Belmopan, BELIZE C.A.
Tel: (501)822-2832 /2833 Fax: (501) 822-2837
E-mail: foreigntrade@btl.net
_________________________________________________________
RE: CARI/25/01/12(65)
December 10, 2012

Request by Member States for the invoking of the Safeguard Mechanism
As per notification purposes, kindly find enclosed documents (click here to see documents) pertaining to the request for the invoking of the Safeguard Mechanism on ‘Shelled Peanuts’ by the Government of Barbados.
Kindly indicate by December 12, 2012, whether or not there are any known company who would be able to supply the above goods at quantities and specifications as indicated in attachment.

For further information contact the Directorate of Foreign Trade, Ministry of Trade, Investment Promotion, Private Sector Development, and Consumer Protection at 822-2832/2833

Business Advocacy Wins Market In – Tourism services liberalization under the Caribbean-European Union Economic Partnership Agreement – Part 2


According To the May 24, Edition of ITC’s Business Briefing Trade Policy, ” Business Advocacy organized themselves and won the markets in Barbados.” This became possible when the private sector business support organizations initiated the process of rationalization, which entailed carving out research capabilities from existing business support organizations and grouping them under a new entity called the Barbados Private Sector Trade Team. This new team was mandated to evaluate the competitiveness of Barbadian businesses, as well as assess the impact of trade agreements, and identify new opportunities arising from a progressively more liberal international trading environment.

Read more:

Source:

http://www.intracen.org/trade-support/wto-updates-for-business/business-briefing/

 

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