High-level officials met with representatives from the neighboring Federal Government to discuss planning several initiatives for investment promotion, trade, and other economic development through its signed memorandum of understanding. These discussions involved the progress of expanding the neighboring country's Regional Train Project into the country, which would ultimately provide them with an opportunity to connect to the regional market. Here's what that meeting looked like from the neighboring country's standpoint. Their Coordinator provided more details.
Artemio Sanchez, Coordinator, Proyectos Emblematicos, Q Roo
"This is the sixth decision they've made in trying to reach an agreement, and the first phase is to establish a training memorandum between the two parties: the state of Quintana Roo and the government of Belize, with the support and supervision of the federal government through the Mexican Ministry of Foreign Affairs. We are now close to achieving this first phase, where we will specifically identify what we are seeking with this meeting and this memorandum. Now we must move on to the next step, which is how we can achieve this. This involves a very important task that will take time, but we are confident that, given the knowledge of the Belizean authorities, who have a clear understanding of the CARICOM market and Mexico's potential to supply it, and on our side, knowing all the facilities offered by the federal and state governments to be an open economy, a platform for the production and marketing of Mexican products to the CARICOM market, we can succeed."
