7 News Belize

Mexican Trade Mission Looking For Potential Belizean Outlet
posted (May 10, 2012)
A Mexican Trade Mission will visit Belize next week from Wednesday to Friday. They are coming to investigate partnership or joint venture opportunities - but, basically, they want to see what they can sell Belize and possibly the Caribbean.

The companies that are coming specialize in hurricane shutters, wood and metal furniture, jewelry, plastic bottles and snacks. Makes sense for them to explore a new import-dependent market, but does it make sense for Belize's business sector which could be gobbled up by the larger Mexican enterprises?

That's one of the questions we asked today at an press conference announcing the visit:

Marco Antonio Lopez Leon, Head of Trade Tourism Investment - Mexican Embassy
"The companies are coming here looking for joint ventures. They don't want to monopolize the market, they want to increase the range so they can be present in Belize but as a partner more than as a competitor."

Jules Vasquez
"Is Mexico looking to penetrate that CSME market by setting up operations in Belize and then capitalize on that geographical advantage that Belize has."

Marco Antonio Lopez Leon, Head of Trade Tourism Investment - Mexican Embassy
"That's a possibility, that's something that could happen. The entrepreneurs that come here could find opportunities to move from here to the Caricom or to Central America, but that will only work for the Belizeans; it happens, we are not sure but it will be doing business with Belizeans."

Nilda Sosa Riverol, Events Planner - BELTRAIDE
"In the long term we will be making the presentation and sharing with them the advantages for them to actually setup. Instead of importing we know that Belize is an importing country. We have more imports than exports."

"Definitely what we want to encourage them is to seek the opportunities and the advantages that they will be reaping in establishing here in Belize. Like what Marco Antonio mentioned this trade mission in an initial stage on negotiation and dialogue. "

The delegation will be at the Mexican Embassy in Belmopan on Wednesday, May 16th and at the Institute of Mexico in Belize City on Thursday, May 17th, to meet with their Belizean counterparts, government officials and representatives of various organizations.

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