Syllabus of the Subject: Foreign Trade and Business in Belize -
Belmopan.
- Introduction to Belize (Central America);
- Doing Business in Belmopan;
- Belizean Economy;
- Belizean Foreign Trade;
- Foreign Direct Investment (FDI) in Belize;
- Business Opportunities in Belize;
- Access to the Belizean Market;
- Business Plan for Belize.
The objectives of the subject “Foreign Trade and Business in Belize” are the following:
- To analyze the Belizean Economy and International Trade;
- To know the business opportunities in Belize;
- To explore the Belizean trade relations with the country of the student;
- To know the Belizean Trade Agreements;
- To develop a business plan for the Belizean Market.
Foreign Trade and Business in Belize



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



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

Global Economic Organizations of Belize
- United Nations (UN)
- Conference on Trade and Development (UNCTAD);
- International Trade Centre (INTRACEN);
- World Intellectual Property Organization (WIPO).
- World Bank (WB);
- World Trade Organization (WTO);
- International Monetary Fund (IMF);
- Commonwealth.

- Borders of Belize (Central America): Mexico and Guatemala;
- Belizean Capital: Belmopán;
- Largest City of Belize: Belize City;
- Other Belizean cities: Corozal and San Ignacio;
- Belizean area: 22,966 square kilometers;
- Population of Belize: 351,000 people;
- 33% of the Belizean population has an African origin (Creole/African Diaspora), “Mestizos” represent 40% and Mayan origin only 9%;
- Life expectancy: 68 years;
- The official language of Belize is English, but Spanish is the most spoken language;
- Belize became independent from the United Kingdom in 1981. Since then belongs to the Commonwealth (Queen Elizabeth II is the Head of State);
- Territorial disputes with Guatemala;
- 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).

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


Belizean Foreign Trade.
- The Belizean economy is open to the International Trade;
- The main Belizean exports are petrol, food products (sugar cane, citrus, bananas), fishery products, and textiles;
- Important export agricultural sector;
- Main imports are machinery, fuel, and manufactured goods;
- Belizean main
trading partners:
United Kingdom, United States, Mexico, CARICOM, and the Central American Countries;
- Export Processing Zone;
- Increased foreign direct investment (FDI);
- The largest investors are the United States and the United Kingdom;
- The principal Belizean port is the Port of Belize.


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