Integration and Trade in Belize
This Technical Note provides an assessment of Belize's trade sector and offers some policy options. Major constraints are related to a limited export basket and concentrated destination markets, high tariff levels with high dispersion, conservative trade agenda, weak institutional capacity, trade facilitation problems, and sanitary and phytosanitary shortcomings. Moreover, the country needs to make changes to fiscal incentives related to trade performance before the deadline established by the WTO of December 2015. Policy options include: (i) efforts in trade liberalization, to include reduction of tariffs, reduction of trade licenses, and elimination of environmental tax and revenue replacement duties; (ii) measures to strengthen the institutional capacity (trade and agriculture); (iii) a menu of options for a new generation of incentives; (iv) nonfiscal measures to increase export performance, particularly in the services sector; and (v) options to enhance trade facilitation and reduce cost of trade in goods.
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Format: | Technical Notes biblioteca |
Language: | English |
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Inter-American Development Bank
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Subjects: | Trade Facilitation, Trade Agreement, F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents, Belize, trade policy, |
Online Access: | http://dx.doi.org/10.18235/0009165 https://publications.iadb.org/en/integration-and-trade-belize |
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dig-bid-node-119142024-05-30T20:08:13ZIntegration and Trade in Belize 2014-02-14T00:00:00+0000 http://dx.doi.org/10.18235/0009165 https://publications.iadb.org/en/integration-and-trade-belize Inter-American Development Bank Trade Facilitation Trade Agreement F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents Belize, trade policy This Technical Note provides an assessment of Belize's trade sector and offers some policy options. Major constraints are related to a limited export basket and concentrated destination markets, high tariff levels with high dispersion, conservative trade agenda, weak institutional capacity, trade facilitation problems, and sanitary and phytosanitary shortcomings. Moreover, the country needs to make changes to fiscal incentives related to trade performance before the deadline established by the WTO of December 2015. Policy options include: (i) efforts in trade liberalization, to include reduction of tariffs, reduction of trade licenses, and elimination of environmental tax and revenue replacement duties; (ii) measures to strengthen the institutional capacity (trade and agriculture); (iii) a menu of options for a new generation of incentives; (iv) nonfiscal measures to increase export performance, particularly in the services sector; and (v) options to enhance trade facilitation and reduce cost of trade in goods. Inter-American Development Bank Mario Umaña Oscar Vasco Matthew Shearer Gonzalo Martínez Krista Lucenti Ernesto Fernández Sandra Corcuera-Santamaría Juliana Almeida Fabrizio Opertti Technical Notes application/pdf IDB Publications Belize en |
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Biblioteca Felipe Herrera del BID |
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Trade Facilitation Trade Agreement F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents Belize, trade policy Trade Facilitation Trade Agreement F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents Belize, trade policy |
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Trade Facilitation Trade Agreement F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents Belize, trade policy Trade Facilitation Trade Agreement F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents Belize, trade policy Inter-American Development Bank Integration and Trade in Belize |
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This Technical Note provides an assessment of Belize's trade sector and offers some policy options. Major constraints are related to a limited export basket and concentrated destination markets, high tariff levels with high dispersion, conservative trade agenda, weak institutional capacity, trade facilitation problems, and sanitary and phytosanitary shortcomings. Moreover, the country needs to make changes to fiscal incentives related to trade performance before the deadline established by the WTO of December 2015. Policy options include: (i) efforts in trade liberalization, to include reduction of tariffs, reduction of trade licenses, and elimination of environmental tax and revenue replacement duties; (ii) measures to strengthen the institutional capacity (trade and agriculture); (iii) a menu of options for a new generation of incentives; (iv) nonfiscal measures to increase export performance, particularly in the services sector; and (v) options to enhance trade facilitation and reduce cost of trade in goods. |
author2 |
Mario Umaña |
author_facet |
Mario Umaña Inter-American Development Bank |
format |
Technical Notes |
topic_facet |
Trade Facilitation Trade Agreement F1 - Trade, H2 - Taxation, Subsidies, and Revenue, H3 - Fiscal Policies and Behavior of Economic Agents Belize, trade policy |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
Integration and Trade in Belize |
title_short |
Integration and Trade in Belize |
title_full |
Integration and Trade in Belize |
title_fullStr |
Integration and Trade in Belize |
title_full_unstemmed |
Integration and Trade in Belize |
title_sort |
integration and trade in belize |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0009165 https://publications.iadb.org/en/integration-and-trade-belize |
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AT interamericandevelopmentbank integrationandtradeinbelize |
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1806237038336278528 |