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Doing Business in Belize

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Syllabus of the Subject: Foreign Trade and 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 Business in Belize” are the following:

  1. To analyze the Belizean Economy and International Trade;
  2. To know the business opportunities in Belize;
  3. To explore the Belizean trade relations with the country of the student;
  4. To know the Belizean Trade Agreements;
  5. To develop a business plan for the Belizean Market.

Foreign Trade and Business in Belize
International Trade and Business in Belize

Online Education (Courses, Masters, Doctorate): Trade and Business in Central America

Online Students, Master in International Business and Foreign Trade

The Subject “Foreign Trade and Business in Belize” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Online Education (Courses, Masters, Doctorate): Trade and Business in the Caribbean (CARICOM) and Cuba

Masters (MIB): International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate (DIB): American Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English (Study Master Doctorate in International Business in Spanish Belice Study, Course Master Doctorate in International Business in French Belize Masters Foreign Trade in Portuguese Belize).

Belize, Masters, Doctorate, Courses, International Business, Foreign Trade Master of Science and Doctorate in International Business adapted to the Belizean Students.

Foreign Trade and Business in Belize.

Market Access - Free Trade Agreements (FTA). Online Education (Courses, Masters, Doctorate)

Preferential Access and Free Trade Agreements of Belize

  1. Belize and the Latin American Economic Area/Caribbean Economic Area;
  2. Central American Integration System (SICA)
    1. Central American Common Market (MCCA) - Integrated with the SICA -.
  3. Association of Caribbean States (Belize);
    1. Colombia-Belize CARICOM Agreement;
    2. Costa Rica-Caribbean Community (Belize) Agreement;
    3. Partial scope agreement with Guatemala;
    4. CARICOM-Dominican Republic Free Trade Agreement (FTA);
    5. CARIFORUM-European Union Economic Partnership Agreement (EU).
  5. Caribbean Basin Initiative
    1. United States-Caribbean Basin Trade Partnership Act (CBTPA).
  6. Caribbean-Canada Trade Agreement (CARIBCAN);
  7. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement;
  8. Mesoamerica Project;
  9. Central American Bank for Economic Integration (CABEI);
  10. Caribbean Development Bank;
  11. Latin American and Caribbean Economic System (SELA).

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

Trade Facilitation Programs.

  1. World Trade Organization (WTO)
    1. WTO General Agreement on Trade in Services (GATS);
    2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
    3. WTO Agreement on Technical Barriers to Trade (TBT);
    4. WTO Agreement on Preshipment Inspection (PSI);
    5. WTO Agreement on Safeguards (SG);
    6. WTO Trade Facilitation Agreement (TFA).
  2. International Bureau of Containers and Intermodal Transport (BIC);
  3. International Civil Aviation Organization (ICAO, Chicago Convention);
  4. International Maritime Organization (IMO);
  5. Is not a member of the World Customs Organization (WCO)
    1. Revised Kyoto Convention (RKC).

Foreign Trade Facilitation. TFA Agreement. Customs. Payments. Global Supply Chain

Online Education (Courses, Masters, Doctorate): Latin American Economic Integration

American Trade and Economic Organizations:

  1. Organization of American States (OAS);
  2. Community of Latin American and Caribbean States (CELAC);
  3. Economic Commission for Latin America and the Caribbean (ECLAC)
    1. European Union-CELAC Summit.
  4. Inter-American Development Bank (IDB).

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Economic Organizations of Belize

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD);
    2. International Trade Centre (INTRACEN);
    3. World Intellectual Property Organization (WIPO).
  2. World Bank (WB);
  3. World Trade Organization (WTO);
  4. International Monetary Fund (IMF);
  5. Commonwealth.

Caribbean Community CARICOM (Single Market and Economy). Bahamas, Barbados, Belize, Dominica...

  1. Borders of Belize (Central America): Mexico and Guatemala;
  2. Belizean Capital: Belmopán;
  3. Largest City of Belize: Belize City;
  4. Other Belizean cities: Corozal and San Ignacio;
  5. Belizean area: 22,966 square kilometers;
  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.

The Belizean main religion is Catholicism (Christianity).

Belize belongs to the Western Civilization (Latin American Economic Area/Caribbean Economic Area).

Online Education (Courses, Masters, Doctorate): Christianity and Global Business (Catholicism, Protestantism)

Belizean Economy.

  1. GDP of Belize: 1,448 million dollars;
  2. GDP per capita: 4,576 dollars;
  3. Belizean GDP growth: 3.6%;
  4. Services account for 45% of the Belizean GDP;
  5. Belizean Inflation: 1.2%;
  6. The main Belizean economic activities are tourism, foreign trade, power generation, and agriculture (10% of the GDP, 20% of the workforce);
  7. Manufacturing sector: 10% of the Belizean GDP;
  8. Petrol fields (the largest Belizean Export product);
  9. Fiscal imbalance troubles;
  10. Currency: Belizean Dollar (BZ $).

Central American Common Market: Guatemala, El Salvador, Honduras, Nicaragua, and Costa Rica

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

Belizean Foreign Trade.

  1. The Belizean economy is open to the International Trade;
  2. The 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. Belizean main trading partners: United Kingdom, United States, Mexico, 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.

Master Course: Foreign trade of Belize

Costa Rica-CARICOM (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...) Free Trade Agreement

Caribbean Basin Economic Recovery Act. U.S Trade Partnership

Caribbean Development Bank (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...)

CARICOM (Antigua, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Suriname...)-Colombia Free Trade Agreement (FTA)

Central American Integration System (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama)

Mesoamerica Project (Mexico, Belize, Colombia, Costa Rica, Guatemala)

(c) EENI Global Business School (1995-2023)
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