Belize, Central America and the Caribbean: Past, Present and Future

Victor Bulmer-Thomas, Institute of the Americas, University College

London

•GENERAL DEFINITIONS

•Domestic Exports plus Re-exports = Merchandise Exports

•Merchandise Exports plus Service Exports = Total Exports

•Gross Imports less Imports for Re-export = Retained Imports

•Gross Imports plus Service Imports = Total Imports

•BELIZE STATISTICS

•Corozal Free Trade Zone (CFTZ) exports are NOT in Domestic Exports

•CFTZ exports are NOT in Re-exports

•CFTZ exports ARE in Gross Credits in the Balance of Payments

•CFTZ imports ARE in Gross Imports

•Exports by country are given as a percentage of Domestic Exports

•Imports by country are given as a percentage of Gross Imports

Belize Trade in Services (BZ$mn), 2011Credits Debits Net Credits691.9 -341.5 350.4

42.5 -139.9 -97.4 Transport507.4 -67.5 439.9 Travel

26.3 -9.8 16.5 Communications etc.0.3 -45.3 -45 Insurance10.8 -6.5 4.3 Finance5 -4 1 Royalties

41.3 -50.6 -9.3 Other Business Services

58.3 -17.5 40.8 Government Services40 0 40 CFTZ

691.9 -341.1 350.4Sub-Totalexcl CFTZ

731.9 -341.1 390.4Totalincl CFTZ

Service Exports CARICOM (%) CACM (%) Mexico (%) Other (%)

Transport 0 50 50 0

Travel 0 5 10 85

Communications etc. 5 5 10 80

Insurance 0 0 0 100

Finance 0 0 0 100

Royalties 0 0 0 100

Other Business Services 5 5 10 80

Government Services 5 10 15 70

CFTZ 0 0 100 0

% by region (excl CFTZ) 0.9 8.1 12.6 78.4

% by region (incl CFTZ) 0.9 7.6 17.4 74.1

Option 1 Option 2 Option 3 Option 4

CARICOM √ √ X X

CSME √ X X X

CARIFORUM √ √ √ X

Partial Scope √ √ √ √

Full Scope X √ √ √

EPA √ √ √ X

CAFTA-DR X X √ √

CACM X X √ √

CA-EU X X X √

CBERA √ √ X X

CARIBCAN √ √ √ √