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May 10, 2012

Belize and Mexico bridge the Trade divide

Trade relations between Belize and Mexico have been described by local and foreign investors as anemic despite legions of nationals from both countries crisscrossing the Belize/Mexico Border to conduct business on a daily basis.  In an effort to strengthen those ties the Trade and Investment Mexican Agency, ProMexico, is partnering with the Embassy of Mexico to coordinate a trade mission to Belize.  A team of entrepreneurs representing twelve companies will be arriving on May fifteenth and is scheduled to meet with government officials, as well as members of the private sector, to promote trade by identifying potential consumers and suppliers of Mexican products ranging from hurricane shutters to jewelry and snacks.  According to Marco Antonio Lopez, the idea of introducing foreign products on the local market is not to create a monopoly; instead it is to form a partnership between manufacturers in Mexico and retailers in Belize.

 

Marco Antonio Lopez, Head of Trade, Tourism & Investment, Embassy of Mexico

“The companies that are coming are looking to do something like joint ventures.  They don’t want to monopolize the market, they want to increase the range so that they can be present in Belize but as partner more than as a competition or a competitor. The amount of investment, of Mexican investment here in Belize is low.  We are trying to increase it, to be present here in Belize to look for opportunities together.”

 

Nilda Sosa Riverol

Nilda Sosa Riverol, PR Coordinator, BELTRAIDE

“As you are aware BELTRAIDE, Belize Trade and Development Service, is mandated to promote trade and investment development.  We have maintained a very long term partnership with the Mexican Embassy where trade missions such as the one coming, being facilitated next week, have been facilitated.  This is the third mission that is being facilitated with the Mexican Embassy.  The first was a delegation that came from Mexico last year, I think it was early last year, and the second, it was around October, where a delegation from Belize went to Mexico.  So it’s like a partnership to see what opportunities, long term opportunities, can be sought for both counterparts.”

 

Marco Antonio Lopez

Jules Vasquez, 7 News

“Is Mexico, as you know, we are able to access the CARICOM Single Market under the CET, is Mexico looking to penetrate that CSME market by setting up operations in Belize and then capitalizing on that geographical advantage that Belize has?”

 

Marco Antonio Lopez

“That’s a possibility.  That’s something that could happen, that the entrepreneurs that come here could find opportunities to move from here to CARICOM or to Central America but that will be working together with the Belizeans.  If it happens we’re not sure but if it happens it will be doing business with the Belizeans so we will hire, or the entrepreneurs will hire Belizean people and train them to produce these goods and then sell them.”

 

The trade mission will take place from the fifteenth to the eighteenth of this month. 

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1 Response for “Belize and Mexico bridge the Trade divide”

  1. world says:

    Oh great more bribe money for the ministers to keep Belize “Poor and Isolated” from the rest of the world. When is this beautiful country going to awaken??

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