7 News Belize

Tapping Into the European Market...
posted (October 6, 2005)

Access to 450 million consumers in 26 countries and duty free status for most exports, that's the offer that the European Union is hoping small economies in the Caribbean like Belize won't refuse. Today at the Biltmore the Ministry of National Development began a two day seminar on promoting sustainable development through economic and trade cooperation between Belize and the EU.

It sounds like a mouthful, but over the two days private sector participants will be given an earful on how to tap into the European market. Hugh O'Brien, who is the national authorizing officer for EU Projects, says European consumers want more than just our sugar, banana, and citrus.

Hugh O'Brien, CEO Ministry of National Development
"The European Union's relationship with Belize allows us to export a whole range of commodities with duty free access and the EU has given us that developmental window for us to take advantage of it and we have essentially saddled in and settle for sugar, banana, and citrus. And so there's going to be a special presentation that will offer the private sector some of these opportunities."

Carlo Pettinato, European Union
"The European Union is the most wide open market in the world. You can export duty free to the European Union, virtually all your product and we are the biggest market in the world, we have 450 million consumers who have a very high purchasing capacity. Of course it is up to the Belizean people, Belizean private sector to find the opportunities. What we can say is that we are doing everything to help Belize and also to improve their supply capacity and we have certain projects under development but in the it is up to the entrepreneurship of the private sector in Belize to take the opportunities."

Hugh O'Brien,
"I must say one of the commodities that has really taken advantage of the opportunities offered is shrimp. The Belize Agricultural Health Authority (BAHA) was certified as the competent authority by the EU in 2002, after about three years of existence, and shrimp exporters are now taking advantage of that special window for us to export shrimp. The advantage we have is that when we export shrimp we have access to 25, 26 countries at one time."

Discussions tomorrow will center on the Contonou Agreement and a new Caribbean-EU trade agreement currently under negotiation. The EU delegation is headed by First Secretary Carlos Pettinato.

Home | Archives | Downloads/Podcasts | Advertise | Contact Us

7 News Belize