Belize Showcases Trade Potential and Welcomes Investors

On the second day of the Belize Investment Summit, the focus was on Belize’s role in the global economy. Inspired by George Price’s vision of a mixed economy, Minister Francis Fonseca highlighted Belize’s position at the crossroads of CARICOM, Central America, and Mexico. Which presents itself as a unique advantage for trade and investment. With CARICOM importing twenty-five billion US dollars annually between 2019 and 2023, the government is pushing beyond traditional sectors, and towards value-added production and innovation. Fonseca highlighted that Belize’s greatest strength is its people and unity, as he extended a warm invitation to invest in the country.

 

Francis Fonseca, Minister of Foreign Affairs

“Belize is ready to welcome investment that diversifies our economy and creates good jobs for our people. But investors are right to ask, is the environment enabling? Can business be done easily? To that query, I say unequivocally that our administration has taken heed of the challenges raised at the last investment summit and pressed full speed ahead with a bold agenda of reform. Our reforms promote government working hand in hand with the private sector to create jobs, raise productivity, and open new markets. Through our single investment window, we are reducing bureaucracy, ensuring that investors spend less time navigating paperwork and more time building enterprises. Through the electronic single window for trade, we are cutting repetitive bureaucratic red tape among border agencies and digitizing trade facilitation to lower trade costs and time at the ports of entry.”