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BELTRAIDE HANDS OVER NEW BUILDING TO UB


The Belize Trade and Investment Development Service (BELTRAIDE) , officially handed over a new security and maintenance facility to the University of Belize (U.B.).

Hon. Tracy Taegar-Panton, Minister of State in the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce with responsibility for BELTRAIDE, handed over the keys to the new building to Mr. Alan Slusher, President of the University of Belize  during a brief ceremony held this morning at the U.B.’s Faculty of Management and Social Sciences Campus in Belize City.

The L-Shaped building is approximately 2,000 sq. ft. and was built on a 36” x 14” reinforced concrete strip footing raised 24” above grade level with 6” reinforced core filled blocks. The walls comprise of 2” x 4” timber-frame cladded on the outside with construction latte paper and ¾” timber resembling plycem known  as cempestre plycem.  The inner walls are also timber-frame cladded with ½”drywall. The same applies for the ceiling. The roof comprise mainly of 2”x 6” rafters secured with hurricane clips and straps and cladded with red galvalume roofing.

The building is comprised of two sections – one for the U.B. Security Staff and the other for the U.B. Maintenance Department.  Each section comprises of an open office space, a private office and restrooms for each area.  The building is valued at approximately $60,000 Belize dollars and was built by Contractor Sergio Luna.

The facility is a part of a development agreement between BELTRAIDE and the University of Belize that was signed on September 17th, 2015 which entails the construction of the Belize Enterprise and Innovation Institute (BEI2), which will be located on the Faculty of Management and Social Sciences U.B. Belize City Campus. BEI2 will house two of BELTRAIDE’s technical units: SBDCBelize and EXPORTBelize and is designed to nurture entrepreneurship and innovation and strengthen Belize’s enterprise competitiveness.

The University of Belize and BELTRAIDE continues to foster a very productive and mutually beneficial relationship for the development of Belize!

 

 

 

 

 

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BELTRAIDE SHOWCASES ITS WORK AT CJC BUSINESS EXPO!


On Friday, April 8th 2016, the Corozal Junior College (CJC) held its annual Business Expo  where 31 companies from the Corozal and Orange Walk Districts displayed information on their products ranging from candles, food and drinks, arts and crafts,  agricultural services and many others.

BELTRAIDE  was among those exhibiting companies and its booth showcased numerous brochures on the work of its various units. A central feature of the booth was a video presentation on the work carried out by  Beltraide’s four technical units: BelizeINVEST, EXPORTBelize, SBDCBelize and BTEC.  Prospective young entrepreneurs visiting the booth obtained information on how to establish a business and where to get assistance to create their market and business plans. In addition, all visitors to the booth received a copy of Invest Belize Magazine, a BELTRAIDE publication aimed at keeping the business community informed on current events.

 

The annual CJC Business Expo is part of the college’s efforts in its “pursuit of excellence”. Through its programs, including the annual business expo, many students’ lives have changed for the better. According to the CJC’s management students have been provided with hands-on and practically real experiences as they simulate owning a business. The success of the expo in particular can be measured by the great number of students who have emerged better prepared from this experience when they eventually face the workplace. BELTRAIDE, therefore, is pleased to have been able to make a contribution towards this success.

 
Sugar city

BELTRAIDE is a statutory body of the Government of Belize  under the  Ministry of Economic Development, Petroleum, Investment Trade and Commerce. Its mission is to enhance Belize’s prosperity by fostering investment confidence, entrepreneurship, business growth and innovation.

THE IMPORTANCE OF COMPETITION DURING ECONOMIC RECESSION


During 2015, the effects of the 2008 financial crisis continued to impact negatively on the economic and social welfare of the CARICOM Member States and their citizens.
Unfortunately, another difficult year is ahead of us with many economic challenges anticipated both within the CARICOM Single Market and Economy (CSME) and extra-regionally. The global economy is projected to show modest growth when compared to 2015. However, at the regional level the situation remains uncertain with potential downside risks including falling global oil and commodity prices and bouts of financial volatility, which could result in lower than expected economic growth for Member States.
The CARICOM Competition Commission (CCC) is acutely aware that as economic improvement is slow in coming, and as domestic demand within the Member States remains weak, anti-competitive conduct such as collusive agreements and abuse of dominance are likely to abound in 2016. Additionally, unfair trade practices of large companies against small and medium-sized businesses may also harm the economies in the CSME, and ultimately reduce consumer welfare.

The CCC is also mindful that in difficult economic times, Governments sometimes believe that they are protecting consumers by restricting competition in key sectors such as utilities, health, public procurement and energy. This is done by preventing the entry of new players into markets through licensing and regulatory restrictions; regulating prices through price or margin controls; and limiting certain contracts only to local firms e.g. office furniture, and stationery and office supplies, drugs, and road works.
The CCC therefore views 2016 as a pivotal year in the enforcement of competition law, as well as advocacy for consumer protection in the region. This is with the unrelenting view that competition and consumer protection initiatives can help ease the difficulties faced by consumers as a result of anti-competitive conduct and austere Government policies implemented during periods of recession.

For 2016, drawing upon the work program which has already been approved by Member States, the CCC will continue to vigorously protect and maximise consumer welfare in the CARICOM region. Accordingly, the CCC intends to make consumers the focus of its message to Governments and parliamentarians, sector regulators, the business community, and other special interest groups such as the judiciary, media, and Non-Governmental Organisations (NGOs).
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In this regard, the CCC will continue to work closely with National Consumer Protection Agencies and Consumer NGOs in CARICOM Member States on initiatives which commenced in 2015 such as:
• The establishment of national and regional consumer complaints databases and their effective uses for consumer protection enforcement;
• Research into priority areas for consumers such as financial services and utility regulation; and
• Consumer education.
With respect to competition policy, the CCC will establish the CARICOM Competition Network (CCN) in collaboration with the CARICOM Secretariat CSME Unit, and national competition authorities (NCAs) in the CSME, in 2016. The CCN will seek to encourage closer collaboration between NCAs on matters such as:
• Harmonization of investigation procedures;
• Administrative and legislative barriers to efficiency in competition investigations;
• Information exchange;
• Development of CSME Product Market Indicators; and
• Competition Training and Education programme.

In conclusion, as the designated regional advocate for competition and consumer protection, the CCC takes this opportunity to encourage Governments and sector regulators to view this period of financial constraints as an opportunity to implement or enforce policies that maximise competition among existing operators; facilitate entry and investment of new entrants into markets; and modernise the legislative and regulatory framework for competition and consumer protection. For its part, the CCC will continue to promote and lay the groundwork for the principles of competition law and policy and the effectiveness of consumer protection enforcement in the region.

Further information about the work of the CCC, can be accessed by contacting admin@ccc.sr with your questions or by utilising the query facility on http://www.caricomcompetitioncommission.com


UB E-Bulletin

UB E-Bulletin

Launch of National Agro-Processing Training Program ROC Taiwan


The Agro-Processing Program is one that promises to upgrade the income of youth and women. It is currently the Pilot Program of Belize’s soy sauce production and commercialized dehydrated papaya program. Today, the program which is a collaborative effort of the Ministry of Natural Resources and Agriculture and the Technical Mission of the Republic of China Taiwan, was officially launched.

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GARETH MURILLO, REGISTRAR OF COOPERATIVES (MNRA)
“Empowering women and youth for income generation”
It is under this theme that the Ministry of Natural Resources and Agriculture along with the Technical Mission of the Republic of China, Taiwan, launched the National Agro-processing Training Program in the City of Belmopan. The project is a social benefit program which according to Food Specialist from the ROC Taiwan Technical Mission, Carson Huang, started in 2006. He told us how the program has grown. Continue reading “Launch of National Agro-Processing Training Program ROC Taiwan”

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