Business in Belize. Belizean Economy

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

The educational aims of the Subject “Foreign Trade, Logistics and Business in Belize” are:

1. To analyze the Belizean Economy, Logistics and Global Trade
2. To conduct research on business opportunities in Belize
3. To explore the Belizean trade relations with the student's country
4. To learn about Belizean Trade Agreements
5. To develop a business plan for the Belizean Market

The Subject “Foreign Trade, Logistics and Business in Belize” is included within the curriculum of the following academic programs at EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: World Trade.

Languages: ( Belice Belize Belize).

Masters adapted to Belizean Students.

Preferential Access and Trade Agreements of Belize

1. Belize and the Hispanic American Economic Area/Caribbean Economic Area
2. Central American Integration System
   1. Central American Common Market (MCCA) - Integrated with SICA -
3. Association of Caribbean States (Belize)
4. CARICOM
   1. Colombia-Belize CARICOM Agreement
   2. Costa Rica-CARICOM (Belize) Agreement
   3. Partial scope agreement with Guatemala
   4. CARICOM-Dominican Republic Agreement
   5. CARIFORUM-EU Agreement
5. Caribbean Basin Initiative
   1. The United States-Caribbean Basin Trade Partnership Act
6. Caribbean-Canada Trade Agreement
7. UK-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)

1. World Trade Organization (WTO)
   1. Agreement on Trade in Services (GATS)
   2. Agreement on Sanitary Measures
   3. Agreement on Technical Barriers to Trade
   4. Agreement on Preshipment Inspection
   5. Agreement on Safeguards
   6. Trade Facilitation Agreement
2. BIC (Containers)
3. Chicago Convention (ICAO)
4. International Maritime Organization (IMO)
5. Is not a member of WCO
   1. Kyoto Convention

1. Organization of American States (OAS)
2. Community of Latin American and Caribbean States (CELAC)
3. ECLAC
4. Inter-American Development Bank

Global Economic Organizations of Belize

1. United Nations
2. World Bank
3. World Trade Organization (WTO)
4. International Monetary Fund
5. Commonwealth

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 km²
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

Belizean main religion is Catholicism.

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

Belizean Economy.

1. Manufacturing sector: 10% of the Belizean GDP
2. Fiscal imbalance troubles
3. Currency: Belizean Dollar (BZ $)

International Trade and Business in Belize

Belizean Foreign Trade.

1. The Belizean economy is open to International 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. Belizean main trading partners: United Kingdom, the United States, Mexico, CARICOM, and the Central American Countries
6. Export Processing Zone
7. Increased Foreign Direct Investment
8. The largest investors are the United States and the UK
9. The principal Belizean port is the Port of Belize