Stann Creek District, May 31, 2019. Today, the Investment, Policy and Compliance Unit (IPCU) of the Ministry of Investment, Trade and Commerce met with about thirty (30) companies in the Stann Creek and Toledo Districts that fall under the Designated Processing Area (DPA) Programme.
The DPA Act which was passed in December, 2018 ensures that companies in Belize are compliant with exporting regulations and standards set forth by the World Trade Organization (WTO), the Caribbean Financial Action Task Force (CFATF), the EU Code of Conduct on Harmful Tax Practices, and other regulatory bodies. The objective of the session was to present to DPA companies the new DPA Act, Regulations and other legal documents; to inform them on application requirements, how to fill out the application form and other requirements relating to the submission of quarterly reports and audited financials.
This session, which will be conducted countrywide, is part of the Ministry’s initiative to build the capacity of all DPA companies on all key areas of the DPA Programme. The Ministry thanks all the DPA companies that took part in this important initiative.