Taiwanese stakeholders are looking to invest in Belize’s agriculture sector. Today, the Belize Trade and Investment Development Service (BELTRAIDE) launched its Agriculture investment mission. The mission aims to provide investors with the proper data about the investment opportunities in Belize’s agriculture sector. According to Beltraide Executive Director, Dr Leroy Almendarez, today is just a briefing for the investors and will then be followed by a tour around the country of Belize.
Dr.Leroy Almendarez, Executive Director, Beltraide: “This is just the launch, after this they will be traversing the whole country, meeting with different business places in the area of agriculture and so that determination will be made on where they want to invest but what we want to ensure is that they do choose Belize as the area they want to invest in and so that relationship with Taiwan is a very important relationship so we’re glad they’re here , they’ll be visiting and like I said there are so many business people that are waiting for those visits to see where they get potential investment. Beltraide really is facilitating this process as a matter of fact Beltraide has been working very closely with the embassy in terms of preparing the logistics , contacting these potential business places that want to engage the investors to see where they could invest and Beltraide is the investment promotion agency for Belize and so therefore that is our role. We have two members of our team that will be travelling with them on all the different visits to facilitate the process.”
Love News spoke with Tracy Taegar Panton, Minister of Investment, Trade and Commerce, who told us about the importance of the mission.
Tracy Taegar-Panton, Area Representative for Albert Division: “Well they’re looking at some of the sub sectors that are investment ready in terms of export ready if you will as some of the traditional areas particularly seafood is certainly of high importance, they’re looking at the opportunity for coconuts which is a new and emerging sub sector in the industry for us and certainly some of the grains, you know Belize really has a very high quality grains that we produce in the country. And so we will be giving them a very deep look at the existing sub sectors in agriculture but also more importantly the emerging ones like cacao where there is certainly a market in the food industry both in Taiwan and North America. I want to make the point that the investors who are here come from- they’re Taiwanese but they are resident some of them in Canada, some of them in the US and some from Taiwan. As you know we are in the middle of a negotiation with Taiwan for a partial scope agreement, some refer to it as an economic cooperation agreement where we can be selling more of our goods and services to markets outside of Belize, North America of course, Canada and the US but also there is great opportunities for us in Taiwan itself who is already buying from the region but with whom we do not yet have a partial scope agreement. There’s a lot of careful thought and preparation that is put into missions like this and who we invite. So most of the investors that are here are already working in the region so they’re already have been established in this region and we want them to just take a closer look at Belize.”
Panton noted that they will be meeting with investors on Friday, October 25 to get feedback from them and their decision to invest in Belize.