OUT OF THE BOX THINKING ABOUT THE BELIZE ECONOMY!
BUSINESS PERSPECTIVES brought up by one panel person, that Belize should make the WHOLE COUNTRY a FREE TRADE ZONE.
There are problems with that of course. Mostly to do with loss of customs duties and associated taxes. Yet, could we use the OIL money boost, to actually do this as FACT? There is no doubt in my mind that there would be indeed a huge difference in employment, production factories and storage warehouses in Belize.
The question is, do we have enough cushion from OIL REVENUES in our annual budget if it was fixed and we turned the country into a manufacturing and export country. The change would be dramatic over ten years. How to support our government though, is probably the biggest question in between all the development that would occur.
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