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Almeida, Juliana

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This Technical Note provides an assessment of Belize's trade sector and offers some policy options. Major constraints are related to a limited export basket and concentrated destination markets, high tariff levels with high dispersion, conservative trade agenda, weak institutional capacity, trade facilitation problems, and sanitary and phytosanitary shortcomings. Moreover, the country needs to make changes to fiscal incentives related to trade performance before the deadline established by the WTO of December 2015.
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['In the last years, intra-regional and extra-regional bilateral trade agreements have proliferated in the developing world, particularly in Asia and the Americas, where countries often belong to more than two agreements. The countries of Latin America and the Caribbean (LAC) have formed nearly three dozen regional trade agreements (RTAs) notified to the World Trade Organization (WTO) and more continue to be negotiated.
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Under the current IDBG Corporate Results Framework (CRF) 2020-2023 (https://crf.iadb.org/en), the IDB committed to reach 30% of the total amount approved (including all lending operations) of climate finance during this period. In 2020, the IDB Group - composed of the IDB, IDB Lab (formerly the Multilateral Investment Fund) and IDB Invest - approved US$3.9 billion in climate finance as per the MDB climate finance tracking methodology.
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