Doing Business in Belize

Syllabus of the Subject: Doing Business in Belize - Belmopan.

1. Introduction to Belize (Central America)
2. Doing Business in Belmopan
3. Belizean Economy
4. Belizean Foreign Trade
5. Foreign Direct Investment (FDI) in Belize
6. Business Opportunities in Belize
7. Access to the Belizean Market
8. Business Plan for Belize

The objectives of the subject “Foreign Trade and Doing Business in Belize” are the following:

1. To analyse the Belizean economy and foreign trade
2. To evaluate the business opportunities in Belize
3. To explore Belize's trade relations with the country of the student
4. To know Belize's Trade Agreements
5. To develop a business plan for the Belizean Market

Sample of the subject - Doing Business in Belize

Description of the Subject (Online Learning): Foreign Trade and business in Belize.

Belize.

1. Frontiers of Belize (Central America): Mexico and Guatemala
2. Belizean Capital: Belmopán
3. The largest City: Belize City.
4. Other Belizean cities: Corozal and San Ignacio
5. Area: 22,966 square kilometres
6. Population of Belize: 351,000 people
7. 33% of the Belizean population has an African origin (Creole/African Diaspora), “Mestizos” represent 40% and Mayan origin only 9%
8. Life expectancy: 68 years
9. The official language of Belize is English, but Spanish is the most spoken language
10. Belize became independent from the United Kingdom in 1981. Since then belongs to the Commonwealth (Queen Elizabeth II is the Head of State)
11. Territorial disputes with Guatemala
12. Abolition of Slavery in Belize: 1824

Belize's main religion is Roman Catholic (Christianity)

Belize belongs to the Christian Civilisation (Latin American area/Caribbean Economic Area)

Belizean Economy.

1. GDP of Belize: 1,448 million dollars
2. GDP per capita: 4,576 dollars
3. Belizean GDP growth: 3.6%.
4. The services account for 45% of the Belizean GDP
5. Belizean Inflation: 1.2%
6. Main Belizean economic activities are tourism, foreign trade, power generation, and agriculture (10% of GDP, 20% of the workforce)
7. The manufacturing sector accounts for just 10% of the Belizean GDP
8. Petrol fields (the largest export product)
9. Problems of fiscal imbalance
10. Currency: Belizean Dollar (BZ $)

Belizean Foreign Trade.

1. The Belizean economy is open to the foreign trade
2. Main Belizean exports are petrol, food products (sugar cane, citrus, bananas), fishery products, and textiles
3. Important export agricultural sector
4. Main imports are machinery, fuel, and manufactured goods
5. Belize's main trading partners: The United Kingdom, the USA, Mexico, the CARICOM, and the Central American Countries
6. Export Processing Zone
7. Increased foreign direct investment (FDI)
8. The largest investors are the United States and the United Kingdom
9. The principal Belizean port is the Port of Belize

Belize has Preferential Access and Free Trade Agreements (FTA) with:

1. Central American Integration System (SICA)
2. Central American Common Market (MCCA) - Integrated with the SICA -
3. Association of Caribbean States (Belize)
4. CARICOM
5. Colombia-Belize CARICOM Agreement
6. Costa Rica-Caribbean Community (Belize) Agreement
7. Partial scope agreement with Guatemala
8. CARICOM-Dominican Republic Free Trade Agreement (FTA)
9. CARIFORUM-European Union Economic Partnership Agreement (EU)
10. Caribbean Basin Initiative (CBI) + United States-Caribbean Basin Trade Partnership Act (CBTPA)

Belize is a member of:

1. Mesoamerica Project
2. Central American Bank for Economic Integration (CABEI)
3. Caribbean Development Bank
4. Organisation of American States (OAS)
5. Community of Latin American and Caribbean States (CELAC)
6. Economic Commission for Latin America (ECLAC)
7. Inter-American Development Bank (IDB)
8. Latin American and Caribbean Economic System (SELA)
9. World Bank (WB)
10. International Monetary Fund (IMF)
11. World Trade Organisation (WTO)
12. Commonwealth
13. United Nations

❮ Samples - Business in Belize ❯

(c) EENI- Business School & Hispano-African University of International Business