7 News Belize

Trading Information for Trade
posted (October 11, 2013)
Today Belize launched its National Trade Information Network in coordination with the Caribbean Export and Development Agency. It's all about what the trade experts call Market Intelligence. David Gomez of Caribbean Export explained:..

David Gomez
"The good this is for the entire Caribbean region this is then the first launch of any national trade information network across the Cariforum region. When you look at trade portals across the world, the one deficit all of them have is information on the Caribbean. The one challenge you always have is understanding what companies exist where or what types of products and services they are providing and who is doing what."

Mike Singh - CEO, Ministry of Trade
"Ideally it offer the kind of information on productivity, on availability of products, on policies, on value and volume of products that have move and available to be moved so that anybody making a decision on investment for instance let's say you want to invest in grain production and you need to understand what the current productivity of grain, what are the markets, what are the exports and it gives you a good idea whether the investment makes sense or not."

"It really to put all the information on the products and services that we trade in one area so people can tap into it and get an idea. Of course as I said information is only as good as what you put into it. It means that we have to collaborate with all the partners that are here today for them to access the information and also put in their version of what has to go in."

Agreements were signed by those who will be part of the local listing for the network and a Memorandum of Understanding was signed by network members, BELTRAIDE and CEDA to monitor the progress of the network.

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