Merchandise Exports and Re-Exports by Groups of Products, 2002-08

APPENDIX TABLES Belize WT/TPR/S/238 Page 99

Table AI.1 Merchandise exports and re-exports by groups of products, 2002-08 (US$ million and per cent) Description 2002 2003 2004 2005 2006 2007 2008 (US$ million) Total 164 203 211 208 274 267 295 (% of total) Total primary products 22.4 86.2 86.5 86.2 89.5 91.1 98.3 Agriculture 22.4 85.9 86.3 85.8 73.0 63.9 58.0 Food 21.5 84.7 85.5 85.1 72.8 63.4 57.3 0591 Orange juice 1.6 16.5 13.7 21.3 15.9 19.6 15.7 0611 Sugars, beet/cane, raw, solid, no added flavour/colour 18.8 17.6 19.3 16.6 18.2 16.5 12.1 0573 Bananas (including plantains), fresh or dried 0.0 13.1 12.4 10.3 9.2 7.8 11.3 0361 Crustaceans, frozen 0.0 27.2 25.2 20.3 15.5 7.6 7.3 0579 Fruit, fresh, dried, n.e.s. 0.0 4.1 5.4 6.5 5.7 4.9 3.8 0592 Grapefruit juice 0.0 3.2 6.2 4.7 4.2 3.1 3.6 0542 Leguminous vegetables, dried, shelled 0.0 1.3 1.1 2.1 1.0 1.2 1.4 0342 Fish, frozen (excluding fillets and minced fish) 0.0 0.0 0.0 0.0 0.1 0.1 0.7 0615 Molasses 0.8 0.6 0.4 0.7 0.8 1.0 0.5 0984 Sauce, mixed seasonings and condiments 0.1 0.2 0.3 0.3 0.3 0.3 0.3 0599 Juices, other than citrus 0.0 0.0 0.1 0.1 0.3 0.2 0.1 0571 Oranges, mandarins, citrus hybrids, fresh or dried 0.0 0.6 0.7 0.8 0.5 0.5 0.1 0449 Other maize, unmilled 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0345 Fish fillets and fish meat, fresh or chilled; fish meat frozen 0.0 0.0 0.2 0.3 0.2 0.1 0.1 Agricultural raw material 0.9 1.1 0.8 0.7 0.3 0.5 0.7 2484 Wood of non-coniferous, sawn of a thickness > 6 mm 0.6 0.8 0.6 0.5 0.2 0.3 0.5 2482 Wood of coniferous, sawn of a thickness > 6 mm 0.0 0.0 0.0 0.0 0.0 0.0 0.1 2631 Cotton (other than linters), not carded or combed 0.1 0.1 0.0 0.0 0.0 0.1 0.1 Mining 0.0 0.3 0.2 0.4 16.4 27.2 40.3 Ores and other minerals 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Non-ferrous metals 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Fuels 0.0 0.3 0.2 0.4 16.4 27.2 40.3 3330 Crude oils of petroleum and bituminous minerals 0.0 0.0 0.0 0.0 16.2 26.9 40.1 Manufactures 0.7 13.4 13.2 13.5 3.4 6.8 1.4 Iron and steel 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Chemicals 0.1 0.3 1.1 2.7 1.1 0.8 0.7 5513 Essential oils; resinoids; concentrates of essential oils 0.1 0.1 0.8 2.1 1.0 0.6 0.7 5531 Perfumes and toilet waters 0.0 0.1 0.0 0.1 0.0 0.0 0.0 5429 Medicaments, n.e.s. 0.0 0.0 0.1 0.1 0.0 0.0 0.0 Other semi-manufactures 0.2 0.6 1.4 1.4 1.1 0.7 0.6 6424 Paper and paperboard, cut to size or shape, n.e.s. 0.1 0.4 0.5 0.5 0.4 0.3 0.4 6353 Builders joinery/carpentry wood 0.0 0.0 0.0 0.1 0.0 0.0 0.1 6649 Glass, n.e.s. 0.0 0.0 0.0 0.0 0.0 0.1 0.1 Machinery and transport equipment 0.3 4.7 1.8 0.7 0.6 0.8 0.0 Power generating machines 0.0 2.3 0.0 0.0 0.0 0.0 0.0 Other non-electrical machinery 0.0 1.0 0.6 0.2 0.2 0.2 0.0 Agricultural machinery and tractors 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Office machines & telecommunication equipment 0.0 0.3 0.0 0.0 0.0 0.0 0.0 Other electrical machines 0.0 0.1 0.0 0.0 0.3 0.1 0.0 Automotive products 0.0 0.5 0.2 0.3 0.0 0.2 0.0 7812 Motor vehicles for the transport of persons, n.e.s. 0.0 0.2 0.2 0.2 0.0 0.2 0.0 7821 Goods vehicles 0.0 0.2 0.0 0.1 0.0 0.0 0.0 Other transport equipment 0.3 0.6 0.9 0.2 0.1 0.2 0.0 Textiles 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Clothing 0.0 7.6 8.7 8.4 0.0 3.5 0.1 8431 Overcoats, car coats, capes, cloaks, anoraks (including ski 0.0 6.6 8.7 8.1 0.0 3.5 0.1 jackets), wind-cheaters, wind-jackets and similar articles (other than those of heading 843.2) Other consumer goods 0.1 0.2 0.2 0.2 0.5 1.0 0.0 Other 76.9 0.4 0.3 0.3 7.2 2.2 0.3 9310 Special transactions and commodities not classified by type 76.9 0.7 0.5 0.3 7.2 2.5 0.5

Source: UNSD, Comtrade database (SITC Rev.3). WT/TPR/S/238 Trade Policy Review Page 100

Table AI.2 Merchandise imports by groups of products, 2002-08 (US$ million and per cent) Description 2002 2003 2004 2005 2006 2007 2008 (US$ million) Total 527 552 514 439 660 684 837 (% of total) Total primary products 23.4 24.7 27.9 39.7 29.4 30.3 29.9 Agriculture 11.9 12.3 12.3 16.9 12.9 13.8 13.3 Food 11.4 11.9 11.9 16.1 12.2 13.0 12.7 1124 Spirits 0.2 0.2 0.3 1.0 1.7 1.5 1.5 0411 Durum wheat, unmilled 0.6 0.8 0.7 1.3 0.6 0.6 1.1 0989 Food preparations, n.e.s. 1.3 1.1 1.3 1.8 1.1 1.2 1.1 0819 Food waste, animal feeds n.e.s. 1.1 1.4 1.2 1.4 1.0 1.0 0.9 0222 Milk concentrated or sweetened 1.3 1.3 1.5 1.7 1.0 1.1 0.9 0910 Margarine, etc. 0.3 0.3 0.4 0.4 0.3 0.4 0.6 1222 Cigarettes containing tobacco 0.1 0.0 0.0 0.2 0.6 0.5 0.5 0813 Oil-cake, oilseed residues 0.2 0.2 0.2 0.5 0.3 0.5 0.5 Agricultural raw material 0.5 0.4 0.4 0.8 0.7 0.8 0.6 2482 Wood of coniferous, sawn of a thickness > 6 mm 0.0 0.0 0.1 0.2 0.1 0.2 0.2 Mining 11.5 12.4 15.5 22.8 16.6 16.5 16.6 Ores and other minerals 0.3 0.2 0.3 0.2 0.2 0.2 0.2 Non-ferrous metals 0.2 0.2 0.2 0.3 0.3 0.3 0.2 6842 Aluminium and aluminium alloys, worked 0.2 0.1 0.2 0.2 0.2 0.2 0.2 Fuels 11.0 12.0 15.0 22.3 16.1 16.0 16.2 Manufactures 47.5 46.8 45.5 59.8 43.4 44.8 47.6 Iron and steel 1.8 1.9 2.7 2.7 2.6 2.6 3.5 6744 Flat-rolled iron/steel products, clad, etc., n.e.s., ≥600 mm 0.3 0.4 0.5 0.6 0.4 0.5 0.6 6791 Tubes, pipes, hollow profiles, seamless, iron/steel 0.1 0.1 0.1 0.2 0.2 0.2 0.5 6768 Angles, shapes, etc., of iron/steel 0.1 0.2 0.2 0.2 0.1 0.2 0.3 Chemicals 8.1 7.5 7.4 10.1 7.1 7.5 7.1 5429 Medicaments, n.e.s. 1.1 1.1 1.0 1.2 0.8 0.9 0.8 5334 Paints and varnishes; plastics in solution; etc. 0.8 0.7 0.6 0.9 0.6 0.6 0.6 5542 Surface-active agents (excl. soap) 0.5 0.5 0.6 0.7 0.6 0.6 0.5 Other semi-manufactures 9.3 8.8 9.6 12.0 8.8 8.4 9.5 6612 Portland cement and similar hydraulic cements 1.2 1.1 1.4 1.5 1.0 1.0 1.1 6421 Packing containers, of paper, paperboard, cellulose wadding 0.4 0.8 0.7 1.1 0.7 0.2 0.9 etc. 6911 Iron or steel structures, tubes and the like, for use in 1.1 0.6 0.5 0.5 0.4 0.4 0.8 structures Machinery and transport equipment 19.8 18.5 17.1 22.8 16.6 18.4 21.0 Power generating machines 0.3 1.4 0.3 0.5 0.4 0.5 0.5 7165 Generating sets 0.2 0.8 0.2 0.3 0.2 0.3 0.3 Other non-electrical machinery 4.8 3.8 3.5 4.8 4.2 4.8 5.6 7232 Mechanical shovels, etc., self-propelled 0.2 0.3 0.1 0.4 0.3 0.5 0.4 7283 Other mineral working machines 0.1 0.1 0.0 0.1 0.2 0.1 0.4 Office machines & telecommunication equipment 3.2 3.0 4.0 6.2 2.5 2.4 4.3 7649 Parts and accessories for apparatus of division 76 0.1 0.4 0.4 0.2 0.2 0.2 1.2 7641 Electrical apparatus for line telephony/telegraphy 0.6 0.4 0.9 1.4 0.4 0.2 1.1 Other electrical machines 2.5 3.0 2.7 3.4 2.8 2.9 3.3 7731 Insulated wire, cable etc.; optical fibre cables 0.4 0.4 0.6 0.7 0.8 0.8 0.9 7711 Transformers, electrical 0.2 0.3 0.1 0.3 0.2 0.2 0.7 Automotive products 5.5 5.3 4.7 5.3 4.5 5.4 4.9 7821 Goods vehicles 2.3 2.0 1.8 1.8 1.5 2.3 2.0 7812 Motor vehicles for the transport of persons, n.e.s. 2.0 2.2 1.8 2.0 1.6 1.8 1.7 Other transport equipment 3.5 2.0 2.0 2.5 2.1 2.3 2.4 7923 Aeroplanes and other aircraft, mechanically-propelled (other 1.2 0.3 0.0 0.0 0.2 0.3 0.7 than helicopters), of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg Table AI.2 (cont'd) Belize WT/TPR/S/238 Page 101

Description 2002 2003 2004 2005 2006 2007 2008 Other consumer goods 7.1 8.5 7.1 10.3 6.6 6.8 5.3 8931 Plastics containers, stoppers, lids, etc. 0.9 1.1 1.2 1.6 1.1 1.2 1.0 8921 Printed books, pamphlets, maps, etc. (excl. ad. material) 0.4 2.7 0.5 0.5 0.4 0.7 0.4 Other 29.1 28.6 26.6 0.4 27.2 24.9 22.5 9310 Special transactions and commodities not classified by type 40.0 40.4 41.6 0.3 27.1 40.5 38.5

Table AI.3 Merchandise exports and re-exports by trading partner, 2002-08 (US$ million and per cent) Description 2002 2003 2004 2005 2006 2007 2008 (US$ million) Total 164 203 211 208 274 267 295 (% of total) America 45.8 69.0 69.7 70.7 67.9 66.6 71.6 United States 36.9 56.3 55.2 53.9 42.0 26.8 45.0 Other America 8.9 12.6 14.5 16.8 25.9 39.8 26.6 Canada 0.7 0.2 0.2 0.1 0.1 0.1 0.4 Costa Rica 0.0 0.0 0.0 0.0 7.8 11.8 16.8 Trinidad and Tobago 1.8 3.0 4.8 5.4 2.9 4.0 2.6 Mexico 0.8 1.5 1.6 4.4 3.2 2.5 1.6 Jamaica 3.3 4.7 5.2 4.6 4.1 2.1 1.4 Dominican Republic 0.0 0.0 0.0 0.0 0.7 2.0 0.9 El Salvador 0.0 0.3 0.1 0.0 0.9 1.1 0.8 Guatemala 0.1 0.5 0.4 0.7 0.8 0.4 0.8 Barbados 1.2 0.6 0.5 0.6 0.5 0.7 0.6 Guyana 0.3 0.3 0.4 0.3 0.5 0.5 0.5 Panama 0.0 0.1 0.0 0.0 3.1 14.3 0.0 Europe 31.5 28.3 29.1 27.0 30.8 31.9 26.8 EU(27) 31.5 28.3 29.1 27.0 30.8 31.9 26.8 United Kingdom 22.5 23.1 19.0 19.9 16.1 18.0 19.6 Netherlands 8.5 3.1 3.6 3.2 5.8 7.8 3.0 Portugal 0.0 0.0 0.9 0.0 2.9 2.9 2.4 Belgium 0.0 0.0 0.1 0.1 0.1 0.0 1.2 Spain 0.4 0.3 0.1 1.3 2.0 0.6 0.4 EFTA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other Europe 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Commonwealth of Independent States (CIS) 0.0 0.4 0.0 0.0 0.0 0.0 0.0 Azerbaijan 0.0 0.4 0.0 0.0 0.0 0.0 0.0 Africa 0.0 0.0 0.0 0.0 0.0 0.1 0.0 Kenya 0.0 0.0 0.0 0.0 0.0 0.1 0.0 Middle East 0.1 0.1 0.1 0.4 0.1 0.3 0.0 Saudi Arabia 0.0 0.0 0.0 0.1 0.0 0.2 0.0 United Arab Emirates 0.0 0.1 0.0 0.1 0.1 0.1 0.0 Asia 5.5 2.2 1.0 1.9 1.1 0.8 1.5 China 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Japan 5.4 2.1 0.8 1.8 1.0 0.7 1.5 Six East Asian Traders 0.1 0.1 0.1 0.0 0.0 0.0 0.0 Chinese Taipei 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Singapore 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Hong Kong, China 0.0 0.0 0.1 0.0 0.0 0.0 0.0 Thailand 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Other Asia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Other 17.1 0.0 0.0 0.0 0.0 0.4 0.0 Areas n.e.s 17.1 0.0 0.0 0.0 0.0 0.4 0.0

Source: UNSD, Comtrade database (SITC Rev.3). Belize WT/TPR/S/238 Page 103

Table AI.4 Merchandise imports by trading partner, 2002-08 (US$ million and per cent) Description 2002 2003 2004 2005 2006 2007 2008 (US$ million) Total 527 552 514 439 660 684 837 (% of total) America 61.9 52.4 60.7 86.0 84.3 81.5 81.0 United States 33.4 33.2 29.4 40.3 38.8 33.9 34.2 Other America 28.5 19.1 31.3 45.7 45.5 47.6 46.8 Canada 1.4 1.2 1.2 1.4 1.1 1.0 0.8 Netherlands Antilles 0.0 0.1 7.9 0.1 10.7 0.8 11.9 Mexico 7.1 6.9 9.5 11.6 9.2 9.6 9.4 Panama 1.0 0.9 0.8 1.6 9.6 9.8 8.9 Guatemala 3.4 2.9 4.1 6.6 6.5 6.9 6.9 Honduras 0.6 1.0 0.9 1.1 1.1 1.1 1.9 El Salvador 1.0 1.0 1.5 2.0 1.8 1.4 1.7 Venezuela 0.2 0.2 0.1 0.0 0.2 1.0 1.6 Trinidad and Tobago 1.2 1.5 1.2 1.4 0.8 1.1 0.8 Costa Rica 0.5 0.5 0.8 1.1 1.0 0.8 0.7 Jamaica 0.8 0.7 0.7 1.0 0.8 0.5 0.6 Cuba 9.0 0.0 0.0 14.8 0.0 11.4 0.0 Europe 6.0 4.9 5.2 7.5 7.0 6.8 6.0 EU(27) 5.8 4.8 5.0 7.1 6.5 5.8 5.4 Netherlands 0.9 0.9 1.4 1.6 1.9 2.1 1.9 United Kingdom 2.0 2.3 2.2 1.9 1.4 1.5 1.4 Denmark 0.4 0.4 0.4 0.5 0.3 0.4 0.4 Italy 0.2 0.2 0.2 0.3 0.3 0.3 0.3 France 0.2 0.1 0.1 0.2 0.1 0.1 0.3 EFTA 0.1 0.1 0.2 0.4 0.5 1.0 0.6 Switzerland 0.1 0.1 0.2 0.4 0.4 0.7 0.5 Other Europe 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Turkey 0.0 0.0 0.0 0.0 0.1 0.0 0.0 Commonwealth of Independent States (CIS) 0.2 0.1 0.0 0.0 0.0 0.0 0.0 Africa 0.0 10.1 3.1 0.0 0.0 0.0 0.2 Namibia 0.0 10.1 3.1 0.0 0.0 0.0 0.0 Middle East 0.1 0.1 0.1 0.3 0.1 0.1 0.1 Israel 0.1 0.1 0.1 0.3 0.1 0.1 0.0 Asia 4.1 4.2 4.5 6.2 8.5 11.5 12.6 China 0.8 0.9 1.3 2.2 4.2 6.6 8.1 Japan 1.6 1.8 1.5 1.9 1.5 1.6 1.1 Six East Asian Traders 1.3 1.3 1.4 1.7 2.4 2.9 2.8 Thailand 0.2 0.3 0.4 0.2 0.2 0.4 0.7 Chinese Taipei 0.4 0.3 0.3 0.3 0.9 0.7 0.6 Hong Kong, China 0.1 0.1 0.2 0.2 0.6 0.9 0.6 Korea, Republic of 0.5 0.4 0.4 0.6 0.5 0.7 0.6 Malaysia 0.1 0.1 0.1 0.2 0.1 0.1 0.1 Singapore 0.0 0.0 0.1 0.1 0.0 0.1 0.1 Other Asia 0.4 0.3 0.2 0.4 0.4 0.5 0.6 India 0.1 0.1 0.1 0.1 0.2 0.2 0.2 Australia 0.2 0.0 0.0 0.0 0.0 0.1 0.1 Indonesia 0.0 0.1 0.0 0.1 0.1 0.0 0.1 Other 27.7 28.2 26.3 0.0 0.0 0.0 0.0

Table AIII.1 Products subject to price controls, July 2010 Wholesale Retail Goods in Schedule I Maximum percentage that may be added to the Maximum percentage that may be added (Imported goods) landed costa of imported goods to the wholesale price Cheese (with the exception of 12.5% 20% refrigerated cheese) Lard 7.5% 15% Margarine (with the exception 10% 20% of refrigerated margarine) Powdered milk 7.5% 15% Sardine, mackerel, herring 12.5% 20% Cooking oil 7.5% 15% Coffee 12.5% 20% Medical preparations and 10% 25% (with a few exceptions, for which the prescription drugs maximum is 15%) Maximum price in BZ$ Maximum price in BZ$ Riceb 65 per 100 lb 0.69 per lb Red kidney beans 115 per 100 lb 1.25 per lb in Belize City; 1.28 per lb in other parts of the country Kerosenec Not regulated 6.21 per gallon Dieselc Not regulated 7.81 per gallon Gasolinec Regular Not regulated 8.74 per gallon Premium Not regulated 9.07 per gallon Butane (domestic) gasc Not regulated Prices vary depending on the district Goods in Schedule II (local produce) Red kidney beans 90 per 100 lb 1.10 per lb King fish, queen fish, calipaver, Not regulated 1.5 per lb alvacore, deep water, snapper (deep water, red, black, mutton, and reef), cabillod June fish, grouper, amberjack, Not regulated 1.35 per lb rock fish, yellow tail, silk snapper, mackerel, barracudad Sugar Brown Not regulated 0.39 per lb Plantation white Not regulated 0.45 per lb Bread (not sliced or wrapped)e Not regulated 1 per 16 oz. loafe Bottled beer 38 per carton of 24 (10 oz. pint) bottles 2.25 per 10 oz. pint (cold) in Belize City; 2 in other areas Flour Soft wheat flour ("La 48 per sack (1-24 sacks) 0.50 per lb Gitana") 47 per sack (25 sacks or more) Hard wheat flour ("Bebe 42 per sack (1-24 sacks) 0.50 per lb Agua") 51 per sack (25 sacks or more) a The Regulations define landed cost as the sum of the c.i.f. value of imports, the applicable customs duties and taxes, cartage, and bank and port charges. b Price applies to domestic and foreign products. c Subject to changes dependent on the world market. d An additional BZ$0.25 per lb may be added to the price of salt water fish, conch, shrimps, and lobster sold in inland areas; for clean-gutted fish sold anywhere, BZ$0.25 per lb. may be added. e According to the Supplies Control (Prices) Regulations, no person can charge more than the maximum retail price specified in the Regulations' Schedule, irrespective of the loaf's weight.

Source: WTO Secretariat, based on the Supplies Control (Prices) Regulations, as amended. Belize WT/TPR/S/238 Page 105

Table AIV.1 Selected features of the Acts governing the banking and insurance sectors in Belize

Banks and Financial Institutions Act Cap. 263

Fees and charges: application fee of US$5000, minimum annual licence fee of US$12,500 (Statutory Instrument No. 4 (1996). Capital requirements: local and foreign banks are required to maintain minimum start-up capital in Belize of US$1.5 million. All foreign banks, in addition, are required to have world-wide fully paid-up and unimpaired capital of no less than US$25million. The Central Bank has the right to require greater amounts of capital if it deems prudent. Deposit and other liability reserves: amended March 2010. All banks must maintain on account with the Central Bank a minimum balance, which on average should be equivalent to at least 5% of its average deposit liabilities represented by demand deposits, plus at least 3% of average deposit liabilities not represented by demand deposits. Cash reserve requirement of 8.5% of average total deposit liabilities (decreased from 10% in 2010). Liquid-to-liability requirements: 23% of banks' average total deposit liabilities, of which Government Treasury Bills are to be held in a proportion of not less than 6.5% of average total deposit liabilities. Limits on unsecured lending to one person: 15% of fully paid-up and unimpaired capital and reserves for local banks; 15% assigned capital, unimpaired capital, and reserves for foreign banks.

International Banking Act, Cap. 267 Capital requirements: unrestricted International Banking Licence requires minimum capitalization of US$3 million for a local bank and US$25 million for a foreign bank. The Restricted International Banking Licence requires minimum capitalization of US$1 million for a local bank and US$15 million for a foreign bank. Fees and charges: annual fee for restricted licence is US$15,000; annual fee for unrestricted licence is US$20,000. Tax and other benefits: tax exemptions on profits, dividends, and stamp duty. No restrictions on currency and foreign exchange. For international banks the net open foreign exchange position in currencies other than the U.S. dollar may not exceed 10% (15% for some) of the fully paid-up and unimpaired capital. Confidentiality: a confidentiality clause protects customers' identities, the only exceptions are through voluntary disclosure, a court order or by order to the Central Bank from a foreign regulatory agency.

New Insurance Act No. 11 (2004) Fees and charges (for insurance companies and associations of underwriters): application fee of BZ$500; initial registration fee (first year) of BZ$5,000; annual registration fee of BZ$5,000 in addition to 2.5% of gross amount of annual premiums received in respect of business transacted in Belize during the previous financial year. Statutory fund of assets: all companies involved in insurance business must establish a statutory fund of assets equal to its liabilities and contingencies. Capital requirements: locally incorporated companies, BZ$1 million; foreign companies, BZ$3 million; existing companies offering motor vehicle insurance, BZ$2.25 million; and companies offering only vehicle insurance, BZ$250,000. Statutory deposit: companies must make a statutory deposit of 15% of their net premium income. For subsequent years, companies are only required to deposit or withdraw the amount necessary to meet the required 15% of their net premium income from the previous year. Minimum required statutory deposit: BZ$100,000 for companies formed in Belize, and BZ$300,000 for other companies. Other: at least 80% of the company liability must be held in trust in assets held in Belize.

Source: WTO document WT/TPR/S/134, 14 June 2004. WT/TPR/S/238 Trade Policy Review Page 106

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