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CDB launches Belize trade program and EPA/CSME Standby Facility Projects 

By Government Press Office | BELIZE

BELMOPAN, Belize – Eamon Courtenay, minister of foreign affairs, foreign trade, and immigration, together with Dr Hyginus “Gene” Leon, president of the Caribbean Development Bank (CDB), launched the Bank’s Belize Trade program and Economic Partnership Agreement (EPA)/ CARICOM Single Market and Economy (CSME) Standby Facility Projects on Thursday, in Belmopan.

The projects, provided through grant funding to the tune of US$1.5 million, seek to assist and enhance the capacity of the government’s trade interfacing agencies such as the Customs and Excise Department, Belize Bureau of Standards, and Belize Agricultural Health Authority to improve trade facilitation in Belize. These projects will contribute to building the resilience of the economy by improving service delivery, lowering trade costs and reducing processing time. Notably, the private sector also benefits from the trade program with the Toledo Cacao Growers Association receiving the bulk of the financing.

In his keynote address, minister Courtenay reiterated the government of Belize’s firm commitment to enhancing the competitiveness of the economy, recognizing that trade will play a significant role. CDB president Dr Leon noted that the bank was increasing the prominence of trade-related initiatives, recognizing its role in supporting the development and reducing poverty.

Dr Leon was accompanied by Isaac Solomon, vice president (operations); Shelton Nicholls, senior advisor; Daniel Best, director of projects; Andrea Power, coordinator regional integration; and Cassie-Ann James, communications officer.

Minister Courtenay was supported by ambassador Amalia Mai, chief executive officer, ministry of foreign affairs and foreign trade; Dr Osmond Martinez, chief executive officer, ministry of economic development; and other senior trade officials from the directorate general for foreign trade.



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