Business

National Trade Policy consultations getting underway

By Benjamin Flowers
Staff Reporter

The Directorate General for Foreign Trade (DGFT) is launching the first in a series of public sector consultations regarding the National Trade Policy, this month.
The policy is aimed at stimulating and expanding trade for the domestic and international markets. The first consultations will take place at the Best Western Plaza Hotel on March 14 and 15, where the DGFT hopes to gather stakeholders from the public and private sector, civil society, and women and youth groups to seek inputs for the development of the National Trade Policy.

The DGFT, said that the consultations will help to develop a people-driven National Trade Policy, that includes stakeholders from all sectors.
“These consultations will provide a forum for engagement in the process of creating a responsive national policy to stimulate trade, enable investments and facilitate Belize’s integration into the regional and multilateral trading system,” the DGFT said.

The directorate added that a key feature of the policy’s development will be attaining Belize’s Growth and Sustainable Development strategy, which is geared towards enhancing the quality of life for all Belizeans. It also said that the by aligning various trade policy instruments, the government and other stakeholders can alleviate the difficulties Belize has in keeping with global standards, because of its unique geographical and economic position.
Consultations will continue in April.

Enhancing trade and competitiveness is crucial in the government of Belize’s push to achieve successive primary surplus of 2 percent for every fiscal year up to 2020, which it committed to as part of the restructuring of the 2034 US Dollar bond.

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