OAS

 
Belize - Taiwan
Text of the Agreement
  Background and Negotiations
   

Belize and Taiwan began discussions on the possibility of a trade agreement intended to deepen economic integration between the two economies back in 2014. Those initial discussions bore fruit in earnest in 2019 when the Prime Minister of Belize and the President of Taiwan agreed to pursue a formal trade agreement and committed their respective negotiating machineries to fulfilling this mandate. In August 2019, a trade mission to Taiwan laid the groundwork ahead of subsequent formal negotiations. The mission culminated with the signing of a Letter of Intent (LOI) that delineated the scope and principles for negotiations.

Formal negotiations began in Taiwan on 5 November and ended on 11 November 2019 with both sides reaching an agreement in principle in one round. Given Belizeís membership in CARICOM, the negotiated agreement had to be subjected to CARICOMís review to ensure that it did not prejudice the rights of other Member States. On 28 September 2020, Belize received the formal approval from CARICOM to sign the agreement. The Agreement was signed by Belize and ratified on 30 September 2020.

The ECA provides for preferential treatment for Belize’s key agricultural and fisheries products, among other goods. Furthermore, given the need to expand Belize’s export supply capabilities, the ECA also provides for financial and technical assistance from Taiwan for the development of institutional and technical capacities involved in trade, including in areas of plant and animal health, standards and technical regulations (including consumer protection), and export and investment promotion. This is aimed at assisting the productive sector to capitalize on meaningful export opportunities in Taiwan and other export markets available under existing trade agreements and those to be negotiated in the future

Documents relating to the negotiations
25 January 2024 ECA between Belize and Taiwan PDF Document New!
Sources: Directorate General for Foreign Trade, Belize

 

  Implementation of the agreement
   

The s1t meeting of the Administrative Commission of the ECA between Belize and Taiwan took place on January 25, 2024.

Documents related to the Free Trade Commission
25 January 2024 1st Meeting of the Administrative Commission of the ECA between Belize and Taiwan PDF Document New!
Source: Directorate General for Foreign Trade, Belize

 

  Sources
   
 

Spanish version 
Recent Developments
  25 January 2024. 1st Meeting of the Administrative Commission of the ECA between Belize and Taiwan New!

Contents