On 22 November 2004, the Minister of Foreign Trade of Belize and the Minister of Economy of Guatemala launched negotiations for a Partial Scope Trade Agreement (PSA) with the objective of enhancing  cooperation in the area of trade to the benefit of both countries. This was the first bilateral trade agreement negotiated by Belize. Negotiations were completed in August of 2005. The PSA was signed on 26th June 2006.

On 17th October 2009 the Congress of  Guatemala ratified the Partial Scope Agreement between Belize and Guatemala.

Documents relating to the negotiations
17 October 2009	The Congress of Guatemala ratified the PSA between Belize and Guatemala
Source: Directorate for Foreign Trade, Belize

The Belize-Guatemala Partial Scope Agreement entered into force on 04 April 2010.

Documents relating to entry into force
04 April 2010	Belize-Guatemala Partial Scope Agreement enters into force
Source: Government of Belize

Article 32 of the agreement establishes an Administrative Commission whose task is to oversee the implementation of the Agreement. The Administrative Commission is to meet regularly, at least once a year.

Documents relating to the implementation
28 February 2014	Belmopan, Belize. First meeting of the Administrative Commission
Source: The Belize Trade and Investment Development Service (BELTRAIDE)