BELTRAIDE helping SME’s tap into Central American market

By Alexis R. Milan
Staff Reporter

The Belize Trade and Investment Development Service (BELTRAIDE) and the Regional Center for the Promotion of Micro and Small Business (CENPROMYPE) held a workshop on Tuesday with stakeholders in Belize to discuss improving economic opportunities with the rest of Central America.

Fernando Ocampo, consultant for the Secretary of Central American Economic Integration (SIECA), the Secretary of Central American Tourism Integration (SITCA) and CENPROMYPE, said the aim of the workshop was to look at all the Central American legal instruments and help develop measures where small businesses can take advantage of the regional economic integration system.

According to Ocampo, the idea is to get small and medium-sized enterprises (SME’s) more involved in trade and exchange of goods and services in the region.
One of the measures being proposed, Ocampo explained, is an initiative to help SME’s get more quantities of their products across the borders quicker and more efficiently.

Ocampo said they have identified similar obstacles for SME’s, including financing, knowledge and access of the markets, and complying with regulations in other markets.

BELTRAIDE and CENPROMYPE, through a series of workshops with stakeholders from the public and private sectors, are working to prepare small businesses to tap into these other markets.

When the consultations are completed, a draft policy will be presented to the Minister of Trade by the end of July for the Ministry to decide which policies to implement and facilitate.

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