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Ministry of Economic Development Petroleum Investment Trade and Commerce

Greater opportunities in CARICOM for Belizean producers


 

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.

open-your-eyes

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).

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Belize Investment Portfolio Campaign to fast-track investment in Belize


The Belize Trade and Investment Development Service (BELTRAIDE), is pleased to announce the official launch the Belize Investment Portfolio Campaign on Friday, 25th November at the Radisson Fort George Hotel.

BELTRAIDE is able to present this historic campaign in support by its line ministry, the Ministry of Economic Development, Petroleum, Investment, Trade and Commerce, as well by ConnectAmericas, of the Inter-American Development Bank (IDB), and the Caribbean Association of Investment Promotion Agencies, (CAIPA).

The countrywide campaign is expected to foster the development of a national portfolio to fast-track investment generation efforts, both local and foreign, through targeted matchmaking of pre-packaged investment concepts and projects.

Through the advancement of the campaign, BELTRAIDE, through its technical unit BelizeINVEST, mandated to serve as Belize’s National Investment Promotion Agency (IPA), expects to further substantiate selected investment concepts submitted by key public sector Government Ministries and stakeholders into actionable business cases aligned with national development priorities.

Additionally, the campaign strives to support qualified private sector investment projects seeking financing and / or investment partners by promoting and matchmaking these “shovel ready” business opportunities through various platforms regionally, inclusive of ConnectAmericas and CAIPA, key supporters and collaborators of this initiative in Belize.

 

The official launch of the Belize Investment Portfolio Campaign will be held on Friday, November 25th, 2016 at the Cahal Pech Room, Radisson Fort George Hotel and Marina, Belize City commencing at 9:00 am to 12:30 pm. For more information on the campaign kindly visit http://www.belizeinvest.org.bz/investmentportfolio or email investmentportfolio@belizeinvest.org.bz

The media is cordially invited to provide coverage of the event.

 

For more information, please feel free to contact:

Belize Trade and Investment Development Service (BELTRAIDE)

14 Orchid Garden St., City of Belmopan, Cayo District, Belize,

Email: beltraide@belizeinvest.org.bz

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HARVEST CAYE: THE NEW TOURIST MECCA IN SOUTHERN BELIZE


The Belize Trade and Investment Development Service (BELTRAIDE), under the auspices of the Ministry responsible for Investment, Trade and Commerce, is mandated to facilitate and promote investment in Belize. The massive investment happening at Harvest Caye in the southern part of the country is yet another vivid example of BELTRAIDE’s efforts to foster investments.

On Tuesday November 15, 2016 Belize Island Holdings Limited, a subsidiary of Norwegian Cruise Line Holdings Ltd, held a soft opening for its Eco/Adventure Cruise Port at Harvest Caye.largest-pool-in-central-america

 

Harvest Caye sits a few miles south from the Placencia mainland and it takes only eighteen minutes to get there by boat. Upon arrival, the visitor cannot help but to enter into a state of wonderment as the vast beauty of the island unfolds.

Its turquoise water, sandy beach lined with beach beds, huge pier, and array of restaurants and bars, butterfly farm, nature trails, the welcome center, shopping centers, massive lighthouse tower used for zip lining, water sports facilities and its condescending giant pool all infuse the visitor’s amazement.

 

The Eco/Adventure Cruise Port will allow cruise line passengers to experience Belize at its finest on the island that has all the imaginable amenities to pamper the discerning tourist.

Harvest Caye is stunningly spectacular! But so is the continuous support the project received from the Government of Belize.

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Like Harvest Caye there are also other projects that are benefiting from the Government’s keen commitment to foster investment.

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Belize Investment Portfolio Campaign Public Sector Sensitization Session


The Ministry of Economic Development, Petroleum, Investment, Trade and Commerce, through the Belize Trade and Investment Development Service (BELTRAIDE) in collaboration with Connect Americas and the Caribbean Association of Investment Promotion Agencies (CAIPA), is launching the Belize Investment Portfolio Campaign. The campaign is expected to foster the development of a national portfolio to fast-track investment generation efforts, both local and foreign, through targeted matchmaking of pre-packaged investment concepts and projects.

participants-2

Through the advancement of this campaign, BelizeINVEST, a unit of BELTRAIDE, mandated to serve as Belize’s National Investment Promotion Agency (IPA), expects to further substantiate investment concepts submitted by key public sector Government Ministries and stakeholders into actionable business cases aligned with national development priorities.

participants-3

 

Accordingly, a public sector focal point sensitization session was held on November 2nd, 2016 at the Central Information Technology Office (CITO) Training Room  in presenting the e-Portal developed to capture investment concepts to advance the investment generation endeavor. There were over fifteen (15) representatives crossing Government Ministries and Departments.

 

The official launch of the Belize Investment Portfolio Campaign will be held on November 25th, 2016 at the Cahal Pech Room of  Radisson Fort George, Hotel and Marina commencing at 9:00 am.

 

For more information on the Belize Investment Portfolio kindly visit www.belizeinvest.org.bz/investmentportfolio or email BelizeINVEST at investment@belizeinvest.org.bz

 

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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.

Hon. Tracy Taegar- Panton – Minister of State in the Ministry of Economic Development, Petroleum , Investment, Trade and Commerce
Allan Slusher – President, University of Belize

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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