By Belize Live News Staff: The Belize government has removed the business tax on cattle exports, a move intended to boost the livestock trade and enhance cross-border commerce with Mexico, Prime Minister John Briceño announced.
The policy, effective since September 20th, is designed to allow local farmers to export cattle more competitively by avoiding intermediary trade through Guatemala, which often incurs higher costs and logistical challenges.
“The Mexicans want to buy our cattle, but the business tax made it difficult for our ranchers to offer competitive prices,” said Briceño. “Around 80% of our cattle ranchers manage small farms with fewer than 50 animals, meaning profit margins are slim.”
The Prime Minister stressed that without the tax cut, Belizean farmers risked losing access to the lucrative Mexican market. Prior to the waiver, ranchers had been paid as little as 40 cents per pound for exports. “It’s good business sense for Belize to offer a level playing field to our farmers,” Briceño noted, adding that Mexican buyers can now negotiate better deals directly.
The new policy aligns with Belize’s efforts to strengthen regional economic ties, support the agricultural sector, and sustain local ranchers. By eliminating the tax, Belize aims to stabilize its livestock industry and remain competitive in the face of increasing regional competition.
