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Prime Minister declares Belize Investment Summit open for Business

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Posted: Wednesday, November 10, 2021. 11:49 am CST.

By Rubén Morales Iglesias: Prime Minister John Briceño declared the two-day Belize Investment Summit open for business on Wednesday morning in San Pedro, Ambergris Caye.

Present at the opening were keynote speaker, Stephen Harper, former Prime Minister of Canada, the Inter-American Development Bank’s Vice President Richard Martinez Alvarado, and representatives from the UNDP and World Bank.

The Leader of the Opposition Patrick Faber and Ministers of Government were also present.

The Prime Minister said that his government is fully convinced that Belize can create initiatives to rebuild our economy.

“We are fully convinced that we can create an environment conducive to economic transformation,” said Prime Minister John Briceño. “Investment provides an opportunity for growth in micro, small, medium, and large enterprises.”

“I’m convinced that if we create initiatives which include access to finance and a more seamless and enabling mechanism that we can rebuild our economy with MSMEs at its foundation and without compromising economic initiatives of the larger enterprises.”

Briceño said that as we rebuild the economy, we must look at non-traditional industries and must not forget the contribution of the service industries to our gross domestic product.

Briceño said Belize has existing incentives like fiscal incentives, designated processing areas, and the MSMEs enhancement program which provide relief to potential investors.

In a bid to attract investors, Briceño said Belize is open for Belize and making necessary changes for business with Belize to be easier.

Briceño said are we are not as competitive as we should be because of the challenges we face, but we’re working on that. He said Belize is working on a national investment policy, simplifying rules, and shortening business registration processes.

Briceño also pitched the fact that Belize is multilingual with the great majority being fluent in English and Spanish as an attraction for investments considering our nearness to the United States, Latin America and the Caribbean. He was supported on that by keynote speaker Stephen Harper, former Prime Minister of Canada, who said Belize has to take advantage of its perfect positioning.

Briceño added that to stimulate export-led growth, Belize is ready to work with private and public investors.

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