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Belize now has a National Trade Policy

Cabinet has approved of a National Trade Policy, the first for the country. It follows a nationwide consultation and has five objectives all of which surround the reduction of the cost of doing business, improving trade performance and services, trade growth, building trade relations and effective institutional and legal framework for trade development. A press release issued by the government today states that quote, “Although Belize has actively participated in the multilateral, international and regional trade and economic frameworks, there has never before been a single comprehensive and coherent policy in place… This policy now encapsulates and defines Belize’s Trade Development Agenda for the next decade, and is in line with the World Trade Organization’s (WTO) and Regional Rules Based Trading Systems. It is expected to be launched in early 2019. The policy was developed with technical assistance from the Commonwealth Secretariat.

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