Caribbean Investment Opportunities

SECTOR: AGRI BUSINESS | BELIZE | GRENADA

SECTOR: AGRI-BUSINESS

BELIZE

PUBLIC SECTOR

Sector Opportunities

Historically, Belize is known for the production and export of traditional crops primarily: Sugar, Citrus and Bananas. These major crops have been the foundation of the Belizean economy since the 1800’s. According to the Statistical Institute of Belize (SIB), the export of these major crops contributed 6.2% to Belize’s Gross Domestic Product (GDP) generating BZD $309 million/USD $154.5 million in export revenues in 2017. This robust and growing sector is also responsible for employing an estimated 11,000 person’s equivalent to 16% of Belize’s total labor force (Source: Statistical Institute of Belize). The main export markets for these products include the European Union, USA, UK, and CARICOM markets. As global markets growmore competitive and demand trends shift, the Belizean productive sector has diversified into the production and export of non-traditional crops such as grains (including rice and corn), a variety of beans, cacao, cotton, coconut, turmeric, and a variety of spices. Apart from the production of these raw commodities, the productive sector has also expanded into additional value-added areas in agribusiness and agro-processing including cattle meat production, dairy, poultry, citrus juices, refined sugar, coconut and cohune oils, chocolate, gourmet pepper sauces, gourmet turmeric paste, and other assorted sauces, jams and powders for both local consumption and targeted niche export markets. Holistically and through this continued diversification, the agricultural sector has grown to contribute a total of 9% to Belize’s GDP in 2017.

GRENADA

PRIVATE SECTOR

Project Name: Personal Care, Craft and Giftware Production Facility

The project involves the establishment of a Grenadian personal care, craft and giftware production facility to produce specialty soaps and candles utilizing authentic and certified Grenadian agricultural inputs (such as nutmeg and other spices) for exports to the USA, Canada and the Caribbean. The products can be marketed as uniquely and authentically Grenadian, with the advantage of being able to claim the benefits of the well-known Grenadian spices.

Investment Required: USD $1.2 million Email: calexander@grenadaidc.com

PRIVATE SECTOR

Project Name: Packaging House for Selected Grenadian Produce

The project will involve the establishment of a packing house for the export of authentic, high quality Grenadian fruits, produce and spices to the regional Caribbean market and internationally - USA, Canada and the EU - all of who are willing to pay premium prices for the products. The operation will involve the consolidation, packing/processing and export of golden apple (june plums), mangoes, soursop, cinnamon, cloves, dasheen and hot peppers. Grenadian, with the advantage of being able to claim the benefits of the well-known Grenadian spices.

Investment Required: USD $1.2 million Email: calexander@grenadaidc.com

30 | CARIBBEAN INVESTMENT OPPORTUNITIES