Business & Economy
Tour Operators in the fuel subsidy program not to raise tour prices
It has been reported to the Belize Tourism Board (BTB) that some tour operators currently enrolled in the fuel subsidy program are raising the prices of their services. According to BTB, this should not be the case as the subsidy program assists them in coping with the increase in fuel prices and should not result in increasing their tour prices. Tour operators benefiting from the subsidy are not to take advantage of the program as such actions can have a negative impact on the tourism industry.
Business & Economy
IDB Joins Forces with Mexico to Promote Nearshoring
On July 6th, the Inter-American Development Bank (IDB) announced support for plans by the government of Mexico to promote nearshoring, or the relocation of companies closer to end markets, to help foster sustainable development, especially in the country's south-southeastern states.
Business & Economy
Government Mitigating Impacts of Fuel Prices
The Government of Belize reiterates the various steps Cabinet has taken to cushion increases in the imported price of fuel products, which has risen substantially as a consequence of, among other developments, the war in Ukraine.
Business & Economy
SENASICA Approves the Entire Country for Cattle Export
The Ministry of Agriculture, Food Security & Enterprise is pleased to report that the Servicio Nacional de Sanidad, Inocuidad y Calidad Agroalimentaria (SENASICA, which is Mexico’s equivalent of the Belize Agricultural Health Authority) has granted approval for the entire country of Belize to export cattle to Mexico. The approval is a direct result of the bilateral meeting on agriculture held in Chetumal, Quintana Roo, between Belize and Mexico in July 2021.
Business & Economy
Training Session for Coconut Farmers in Good Manufacturing Practices
The Ministry of Agriculture, Food Security and Enterprise in collaboration with the Mexican Agency for International Development Cooperation (AMEXCID) is hosted a five-day training session for coconut farmers at Central Farm in the Cayo District. The series of training sessions are the result of the Bilateral Technical and Scientific Cooperation Project agreement between the governments of Belize and Mexico.
Business & Economy
Local Farmers to Break Carrot Production Records
The Ministry of Agriculture, Food Security and Enterprise informs that for the first time in the history of Belize, carrot farmers are on track to produce enough carrots to supply the local market for up to 10 months, using improved farming technology and practices, and new varieties. Up until 2020, farmers were only able to supply the local market with carrots for six months.
Business & Economy
Nearshoring can add annual $78 bln in exports from Latin America and Caribbean
Nearshoring could add an annual $78 billion in additional exports of goods and services in Latin America and the Caribbean in the near and medium term, with opportunities for quick wins in the auto industry, textiles, pharmaceuticals, and renewable energy, among others, according to estimates by the Inter-American Development Bank (IDB).
Business & Economy
Made in Belize Tradeshow a Success
The Belize Chamber of Commerce and Industry’s fifth annual Made in Belize Trade Show was held on June 4th, 2022 from 10:00 a.m. to 6:00 p.m. at the Governor General Field in the City of Belmopan under the theme “Buy in Belize, Build Belize, Support your own homegrown.” The purpose of this Trade Show was to promote goods and services that are “Made in Belize.”