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Chamber of Commerce working on its own economic reform plan

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Posted: Sunday, April 26, 2020. 2:19 pm CST.

By Aaron Humes: Belize’s leading private sector organization, the Belize Chamber of Commerce and Industry (BCCI), says it will soon have something to say on the matter of life and economics of Belize post-COVID-19.

Asked whether the Chamber has or intends to make any proposals to the Government regarding economic recovery through the state of emergency and what the timeline is for a discussion, president Nikita Usher told BBN, “We are working on that and will keep you posted.”

The Chamber in the past has been especially adamant about reducing or eliminating taxes, particularly the fuel taxes, which Government says in turn accommodates for some $52 million in revenue. With that hole in the budget, Government claims it would have to raise taxes elsewhere or significantly cut costs including jobs in the public sector.

The Chamber has also been a significant supporter of Government reform, especially under the aegis of the United Nations Convention against Corruption (UNCAC), which was ratified in December 2016 and has slowly been moving toward implementation. Currently, the Government is waiting on the final report of Belize’s peer review though the National Trade Union Congress of Belize (NTUCB) has been urging more immediate reform.

 

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