 Business in Belize,
Belmopan
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 (Import, Export)
- 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 analyse the Belizean Economy and Foreign Trade (Import, Export, FDI)
- 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
Sample of the Subject - Doing Business in Belize

Description of the Subject: Foreign Trade and Business in Belize.
Preferential Access and Free Trade Agreements of Belize
- Belize and the
Latin American Economic Area/Caribbean Economic Area
- Central American Integration System (SICA)
- Central American Common Market (MCCA) - Integrated with the SICA -
- Association of Caribbean States (Belize)
- CARICOM
- Colombia-Belize CARICOM Agreement
- Costa Rica-Caribbean Community (Belize) Agreement
- Partial scope agreement with Guatemala
- CARICOM-Dominican Republic Free Trade Agreement (FTA)
- CARIFORUM-European Union Economic Partnership Agreement (EU)
- Caribbean Basin Initiative
- United States-Caribbean Basin Trade Partnership Act (CBTPA)
- Caribbean-Canada Trade Agreement (CARIBCAN)
- Mesoamerica Project
- Central American Bank for Economic Integration (CABEI)
- Caribbean Development Bank
- Latin American and Caribbean Economic System (SELA)
International Trade Facilitation Programs
- World Trade Organisation (WTO)
- Agreement on the Application of
Sanitary and Phytosanitary Measures (SPS)
- Agreement on Technical
Barriers to Trade (TBT Agreement)
- Agreement on
Preshipment Inspection
- Agreement on Safeguards (SG)
- WTO Trade Facilitation Agreement (TFA)
- International Maritime Organisation (IMO)
- Is not a member of the World Customs Organisation (WCO)
- Revised Kyoto Convention

American Trade and Economic Organisations
- Organisation 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 Organisations of Belize
- United Nations (UN)
- World Bank
(WB)
- World Trade Organisation (WTO)
- International Monetary Fund
(IMF)
- Commonwealth
Belize
- 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 kilometres
- 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 Civilisation (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 foreign trade (Import, Export)
- 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
- Belizane 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


❮ Samples - Business in Belize ❯





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