"Ukraine Seeks Belize's Assistance to Overcome Export Obstacles to the Latin American Market"

"Ukraine Seeks Belize's Assistance to Overcome Export Obstacles to the Latin American Market"

Sat, 03/04/2023 - 19:22
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By: Omar Silva, NP Staff Writer

Belize City: Saturday, 4th March 2023

The conflict in Ukraine has had significant regional and global implications, including strained relations between Russia and the West, economic sanctions, and increased militarization in the region. The war in Ukraine continues to affect countries, especially those highly dependent on grains. As of January 2023, over 18 million tonnes of grain and other foodstuffs have been exported via the Black Sea Grain Initiative. However, the conflict has resulted in blocked export routes and disrupted trade, which has severely impacted Ukraine's ability to export its agricultural products.

To overcome this challenge, Ukraine's Deputy Foreign Minister, Andrij Melnyk, recently visited Belize to discuss how the country could facilitate the export of food products from Ukraine and Europe to Belize and other Central American states. Although Belize is a small country, it could play a crucial role in helping Ukraine reach the Latin American market. Melnyk and the Belizean Foreign Minister discussed the possibility of expanding the "Grain from Ukraine" program to the region, which aims to help countries suffering from rising prices and inflation, especially in Africa.

Belize could assist in the facilitation of Ukraine's exports into the Central American region in several ways. Firstly, Belize could serve as a transshipment point for Ukrainian grains and agricultural products destined for other Central American countries. This would enable Ukraine to reach the Latin American market more efficiently, despite the current transport difficulties caused by the ongoing conflict.

Additionally, Belize could provide Ukraine with access to its ports and storage facilities, which would enable Ukraine to store its agricultural products before shipping them to other countries in the region. This would not only reduce transport costs but also enable Ukraine to supply Central American countries with grains and other foodstuffs at competitive prices, thus helping to alleviate the current food price crisis in the region.

Finally, Belize could assist Ukraine in navigating the regulatory requirements and trade agreements necessary to export to the Central American region. The two countries could work together to identify and address any trade barriers that may hinder Ukraine's exports, such as tariffs or import restrictions.

In conclusion, Belize could play a crucial role in facilitating Ukraine's exports into the Central American region. The discussions between Ukraine's Deputy Foreign Minister and the Belizean Foreign Minister highlight the importance of international cooperation and finding innovative solutions to overcome the challenges caused by the ongoing conflict in Ukraine.