16 Dec 2019 - UNCTAD helps craft a strategy to reduce the country's reliance on basic fishery commodities and move up the value chain. Belize has exported seafood commodities such as spiny lobster and conch for decades. In 2018, it racked up US$18.6 million in fishery exports.
Now the country is casting its net wider as it embarks on sustainable export expansion, diversification and value addition, with an emphasis on the oceans or blue economy.
In doing so, Belize is developing an oceans economy and trade strategy under the oceans economy and trade strategies project implemented by UNCTAD and United Nations Division for Ocean Affairs and the Law of the Sea (DOALOS), in cooperation with the Commonwealth Secretariat.
The project aims to support developing countries to reap economic benefits from the sustainable use of their marine resources.
“There are trade opportunities in diversifying seafood species and exports, in increasing value addition, especially through services and technology, and in expanding domestic, tourism and international markets,” said David Vivas Eugui, an UNCTAD legal officer working on the project.
CONTINUE READING ONLINE HERE: https://unctad.org/en/pages/newsdetails.aspx?OriginalVersionID=2265