fbpx
Standard and Poor’s rates Belize at “selective default” after Superbond deferral
August 12, 2020
“Airport needs to be reopened before tourism high season,” says Hotel Association
August 12, 2020

Belize/Mexico border to remain closed due to COVID-19, Quintana Roo expects millions in losses

Posted: Wednesday, August 12, 2020. 8:56 pm CST.

By BBN Staff: The Yucatan Times is reporting that businesses in the Mexican municipality Quintana Roo will suffer millions of dollars in losses due to the closure of the Belize/Mexico border as COVID-19 containment efforts continue.

In an article published today, the Yucatan Times notes that keeping the border closed is expected to cost Quintana Roo some 90 million pesos (BZ$8.049 million) due to Belizeans not crossing the border to shop.

The article noted that the municipality began taking significant losses due to decreased Belizean traffic as early as March 2020, when the first COVID-19 cases in Belize were detected.

“Meanwhile, data from Quintana Roo’s National Chamber of Commerce, Services and Tourism (Canaco Servytur) detail that the provision caused an impact of 18 million pesos per month to the business sector in Chetumal due to the null arrival of 30 thousand Belizeans who left a spill of 600 pesos a day per person on average,” the Yucatan Times said.

During the lockdown, the Belize Chamber of Commerce and Industry stressed that Belizeans keeping their purchases within Belize will be crucial in the country’s economic recovery.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-601-0315.

 

© 2020, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Shindaiwa
  • Belmopan Aggregates