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FOREIGN TRADE
The poor infrastructure in the country has sometimes caused problems in the foreign trade.
The major exportable commodities of the country are Sugar, Banana and the manufacturing goods. Important exports partners of the country are United States, United Kingdom and Jamaica.
Important Importable commodities of the country are Food, Fuel and Energy and the Capital Goods. The imports partners of the country are United States, Mexico, Cuba, China and Japan.
CONCLUSION
The Belize Economy is primarily an agricultural based country. In the recent years the economy is diversified towards more services oriented particularly towards tourism industry. The World Banks Country Assistance Strategy has started so many projects for reducing poverty and maintaining high economic growth in the country.
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Both Exports and Imports partners of the country are as follows:
| |
2000 |
2003 |
2004 |
Merchandise
trade (% of GDP) |
89.2 |
74.0 |
67.1 |
Foreign direct investment, net inflows (BoP,
current US$) |
23.0 million |
-1,000,000 |
127.6 million |
| Long-term debt (DOD, current US$) |
565.0 million |
978.5 million |
958.6 million |
| Present value of debt (% of GNI) |
.. |
.. |
109.4 |
Total debt service (% of exports of goods, services
and income) |
16.2 |
30.6 |
62.5 |
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