Functions of the BELTRAIDE

The functions of the BELTRAIDE are to develop, promote and facilitate local and foreign investment including incentive programmes and to unfetter the export potential of local business to increase foreign exchange, employment, skills development or transfer, technology and government revenue including the following– (a) giving advice and tendering recommendations to the Minister on the formulation of appropriate policies to guide trade and investment promotion activities; (b) identification of products and services for development and promotion; (c) identification of industries to be targeted for investment; (d) designing and assisting in the implementation of export and investment development programmes, particularly for Belizean products and services; (e) identifying suitable and viable potential export markets for Belizean products; (f) liaising with relevant organisations in the promotion and development of local and foreign investments in Belize; (g) implementing policy guidelines on the country’s trade and investment promotion programmes; (h) implementing multilateral and bilateral loan- assisted projects for the development of 10 medium and small enterprises, export assistance, and investment development programmes; (i) undertaking, encouraging and supporting publicity campaigns to promote Belizean products and services in markets; (j) advising and assisting relevant Government Ministries in the formulation and implementation of trade agreements, conventions, treaties and other agreements, or actively participating in the negotiation of such agreements, conventions, treaties, and arrangements for and on behalf of the Government; (k) monitoring the development of global trade policies; (l) the overseeing of the promotion, development, administration and implementation of micro, small and medium-sized enterprises (MSME); (m) establishing and maintaining a register of exporters, importers, investors, associations, and other relevant partners in trade and associations, for the regular supply of trade and market information; (n) performing and discharging such other functions and duties as may be conferred or imposed upon it by the Fiscal Incentives Act, or any other law; (o) performing the functions of a one-stop information centre to investors or potential investors and furnishing to such investors as aforesaid full information about all the Belize Trade and Investment Development Service [CAP. 282 11 investment procedures and requirements in Belize; and (p) housing and administration of a Secretariat for regular and formalised private sector engagement. Appointment of Staff etc. of BELTRAIDE.