Belize: the natural niche: all eyes in Belize ...* Belize, the small English speaking country on Central America's pristine north-eastern coast, is poised to become an international location for niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. business. * In a world increasingly seeking natural products, where organic, fair trade, and eco-labelled certifications fetch price premiums; Belize's natural assets, development policies and pro-business investment climate have created an ideal destination for investors looking to differentiate based on quality. * No other country has so emphatically proclaimed this niche-oriented destiny. Belize's government, recognized by investors as non-intrusive, supportive and predictable, is wholly committed to creating the conditions, policies and institutions to continue supporting the country's <<niche-oriented>> development model and preserving the country's distinctiveness. * There is an increasing demand for <<made in Belize>> products and services, for the simple reason that they carry an aura of quality and distinctiveness that differentiates them in the eyes of consumers. The list of premium driven and niche-market oriented products and services include: "fair-trade" branded cocoa, orange juice, exotic pepper sauces and experience-based tourism. * Various economic sectors are being targeted by investors attracted by Belize's natural resources, convenient legal framework and export-oriented infrastructure. Tourism services and tourism-related activities, agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. , aquaculture aquaculture, the raising and harvesting of fresh- and saltwater plants and animals. The most economically important form of aquaculture is fish farming, an industry that accounts for an ever increasing share of world fisheries production. , furniture manufacturing and international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. are among the economic sectors that are focusing the interest of potential niche investors around the globe. Nature has blessed Belize with unique natural riches. * Its government is committed to preserving this endowment and leveraging on these natural assets to promote the private sector growth that will ensure long-term sustainability. This vision is supported by a legal framework designed to promote nondestructive non·de·struc·tive adj. Of, relating to, or being a process that does not result in damage to the material under investigation or testing. non production methods and a private sector committed to delivering high-quality goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . * Belize's government is proud to be viewed as a model of a developing country able to protect its environment and resources, while simultaneously welcoming foreign business and trade. The country's success in its approach to economic growth has been supported by a 4.8% average annual GDP GDP (guanosine diphosphate): see guanine. growth from 1993-2003. The government's focus on ensuring an educated labour force has seen Belize achieve a 94.1% literacy rate. Belize has become a natural niche for investors who want to develop their business in a stable, strategic, sustainable and business-friendly environment. Selecting Belize has rewarded foreign investors from an array of economic sectors. Investors' satisfaction, commitment and confidence in Belize are demonstrated by reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. levels, which are consistently high. Some sectors that have recently generated interest from investors include; * Tourism * Agribusiness * Aquaculture * Offshore Financial Services * Furniture Manufacturing * While the overarching o·ver·arch·ing adj. 1. Forming an arch overhead or above: overarching branches. 2. Extending over or throughout: "I am not sure whether the missing ingredient . . . benefits afforded by a positive overall business climate benefit the entire private sector, these industries have managed to stand out by coupling niche strategies with the sector-specific advantages present in Belize. |
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