The Directorate General for Foreign Trade (DGFT) is a department within the Ministry with responsibility for Investment Trade and Commerce that has primary responsibility for the coordination, development and implementation of foreign trade policies. The DGFT is also responsible for International Trade Negotiations on behalf of Belize. The Head of Department is the Director General and is supported by a team of Trade Economists operating within various units, namely:
The primary functions of the units is to track and monitor market developments that are of interest to Belize. Additionally, the units are responsible for the monitoring and coordination of the implementation of trade agreements. This requires a strong collaborative engagement with the private sector, which aids the policy formulation process.
A National Trade Policy Framework (TPF), (link to the NTPF on the website-https://www.dgft.gov.bz/national-trade-policy-framework/) approved by the Cabinet in 2015, provides guidance and direction for the current work of the Department. The following four policy pillars underpin the TPF:
The DGFT’s mission is to foster sustainable and inclusive economic development through a responsive trade policy that stimulates trade, enables investment and facilitates Belize’s integration into the multilateral trading system.
The National Authority leading trade and linking the domestic supply chain to compete in the global market.