Action plan launched to attract more investment in Belize

BELMOPAN, Belize, January 31, 2008 – The Belize Trade and Investment Development Service (BELTRAIDE) has launched an Action Plan for the upcoming year that will see it pumping more than a billion dollars in planned investments.

It says the initiative seeks to unlock Belize’s potential for more investments, business opportunities and job creation.

Executive Chairperson, Lourdes Smith says BELTRADE will focus on three strategic areas – Investment Promotion, Entrepreneurial Development, and Marketing.

As part of the strategy to promote investment, the service is compiling a National Export Strategy with details on five priority investment sectors which possess a greater level of competitive advantage for Belize.

Smith explained that in order to create a more conducive environment that stimulates growth in entrepreneurial development, for small and medium-sized businesses, BELTRAIDE is working on a policy in collaboration with the Commonwealth Secretariat to address the issues and challenges affecting the development of micro, small and medium sized enterprises.

Two additional BELTRAIDE goals for 2008 include the development of a National Investment Policy and the establishment of an Entrepreneurial Development and Trade Center in Belmopan.

Prime Minister and Minister of Finance, National Development and the Public Service, Said Musa has pledged his Government will continue to support BELTRAIDE and provide them with resources needed to unlock the potential and opportunities for the majority of Belizeans.

He revealed that approved investment projects which are scheduled to commence soon will inject a further $1,897,120,000 in Belize’s economy, creating over 15,000 new jobs in the Tourism, Agro and Energy industries, and Information and Communication Technology sector.