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As its name suggests, the Economic Devel-
opment and Petroleum arm of the Ministry is
engaged in the creation, promotion, oversight,
and implementation of national economic
development strategies such as the Horizon
2030 vision for Belize as well as the Growth
and Sustainable Development Strategy (2016
– 2019). Additionally, the portfolio of Petro-
leum looks at Belize’s crude oil industry as
well as its future potential for the exploration
and continued export of commercial petro-
leum products.
Minister Taegar-Panton’s arm, Investment,
Trade, and Commerce, has four main divisions:
The Investment and Policy Unit is
responsible for:
n Investment Compliance
n Policy Development
n Due Diligence
n Management of Free zones
n Gaming Control
The Directorate General for Foreign Trade
is responsible for:
n Trade Negotiations
n Trade Intelligence
n Policy Development
The Ministry of Economic Development, Petroleum, Investment, Trade, and Commerce
Hon. Tracy Taegar-Panton
AT A GLANCE
The Ministry of Economic
Development, Petroleum,
Investment, Trade, and
Commerce
WHAT: A Ministry of the Government
of Belize
WHERE: Belmopan, Belize
WEBSITE:
The Belize Bureau of Standards is
responsible for:
n Enforcement of Standards across industries
n Management of Supplies Control
n Development of Standards
n Consumer Protection
The fourth division is known as BELTRAIDE
(The Belize Trade and Investment Development
Service). BELTRAIDE is a statutory body that
operates within the portfolio of the Ministry of
Economic Development, Petroleum, Investment,
Trade, and Commerce. Its mandate is to promote
and facilitate local and foreign investment;
foster the continued development of exports to
increase foreign exchange; increase employment