A par­adise for for­eign in­vest­ment

The China Post - - LIFE -

pol­icy and reg­u­la­tion at the Min­istry of Trade, In­vest­ment Pro­mo­tion, Pri­vate Sec­tor Devel­op­ment and Con­sumer Pro­tec­tion, specif­i­cally pointed out that re­new­able en­ergy is yet an­other fea­si­ble area to in­vest in as it pro­vides an­other al­ter­na­tive. “There has been grow­ing de­mand for en­ergy, Belize now im­ports a sig­nif­i­cant por­tion of its en­ergy de­mands from Mex­ico, which is very costly,” he ex­plained.

With Tai­wan’s ad­vanced tech­nol­ogy in aqua­cul­ture, this area is an­other po­ten­tial op­por­tu­nity. Hero Balani, in­vest­ment as­so­ciate of BelizeINVEST, men­tioned that with its nat­u­ral re­sources, geo­graphic ad­van­tages and trade agree­ments, aqua­cul­ture and agro-pro­cess­ing op­por­tu­ni­ties are also other ar­eas with strong po­ten­tial.

“For ex­am­ple, the pro­duc­tion and ex­port of seaweed and sea cu­cum­ber are some op­por­tu­ni­ties we are look­ing for,” said Balani. He added that many call cen­ters are also set­ting up in the coun­try as the lo­cal em­ploy­ees speak rel­a­tively un­ac­cented English in com­par­i­son to other coun­tries that are well-known for call cen­ters at the mo­ment. Set­tng up call cen­ters in Belize also solves time zone is­sues, by hav­ing en­ter­prises pro­vide a 24/7 ser­vice.

Over­all, Blake, Lin and Balani all con­cluded that Belize is look­ing for prod­ucts that re­quire low-den­sity (not mass pro­duc­tion) and high value. In other words, the mar­ket dif­fer­en­ti­a­tion is to have “eco-friendly” and “niche” prod­ucts and ser­vices. En­trepreneurs who de­sire to ex­pand their mar­ket be­yond Asia and dive into the most po­ten­tially re­ward­ing mar­ket, as well as to have a re­lax­ing re­tire­ment in the fu­ture, should take Belize into in­ten­sive con­sid­er­a­tion.

From Left, Hero Balani, in­vest­ment as­so­ciate of BelizeINVEST, Brian Lin, direc­tor of BelizeINVEST, Lin­con Blake, direc­tor of in­vest­ment pol­icy and reg­u­la­tion, Min­istry of Trade, In­vest­ment Pro­mo­tion, Pri­vate Sec­tor Devel­op­ment and Con­sumer Pro­tec­tion, Cherie Nis­bet, am­bas­sador of the Em­bassy of Belize, Repub­lic of China, In­grid Y.W. Hs­ing (邢瀛輝), direc­tor of Cen­tral Amer­ica Trade Of­fice (中美洲經貿辦事處), John C.C. Lai (賴建中), direc­tor-gen­eral of the Eco­nomic and Trade Af­fairs depart­ment of the Min­istry of For­eign Af­fairs (外交部國際合作及經濟事務司司長) and Hung Yang (楊宏), deputy direc­tor-gen­eral of the Depart­ment of In­vest­ment Ser­vices, Min­istry of Eco­nomic Af­fairs (經濟部投資業務處副處長), pose for a photo at the Belize Busi­ness In­vest­ment Sem­i­nar yes­ter­day.

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