Belize to hold national consultations on new trade policy

BELMOPAN, Belize, Mar 11, CMC – Belize will host a series of public consultations with various stakeholders as it seeks to develop a national trade policy.

The Ministry of Economic Development, Petroleum, Investment, Trade and Commerce said at the core of the consultations on March 14-15 “is the contribution it would have on attaining Belize’s Growth and Sustainable Development strategy objective of a better quality of life for all Belizeans.

“These consultations will provide a forum for engagement in the process of creating a responsive national policy to stimulate trade, enable investments and facilitate Belize’s integration into the regional and multilateral trading system.”

The Directorate General for Foreign Trade (DGFT) launched the Trade Policy Framework in July 2016 that provides government’s commitment and policy guidance for formulating Belize’s first comprehensive National Trade Policy aimed at stimulating and expanding trade for the domestic and international markets.

“Given Belize’s peculiar geographical and economic position, the challenges it faces to effectively compete with global standards, and the need to increase productive and trade capacity at the national level, the Government of Belize seeks to strategically align various policy instruments relating to trade,’ the statement noted.

It said this will ensure inclusiveness and sustainable economic development through the National Trade Policy.

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