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Belize Energy Sector Diagnostic PUC 21 export commodities such as papayas, habanero peppers and aquaculture.41 The textile industry and the wood industry also serve as important sources of income for Belize. Belize’s major export market is the United States (USA), which accounted for approximately $170.2m of 52.7% of the total export value in 2001. The European Market accounted for approximately $101m or 31.2% of total exports and CARICOM for $21.8m or 6.7% in the same year. Belizean products enjoy preferential access under CARICOM, the Cotonou Agreement42, EU/ACP, CARIBCAN (Canada) and the Caribbean Basin Initiative (CBI) (United States). Each of these agreements allows Belize to export products either duty free or at concessionary rates43. According to GOB’s Medium Term Economic Strategy, 2003-2005, in the short term, Belize’s economic strategy “aims at strengthening its foreign reserve position and consolidating the fiscal accounts”.44 GOB is aiming to achieve sustained and balanced growth of 5-6% per annum without sacrificing investment in the social sector and in poverty reduction programs. Investments in health and education are considered critical and the issue of poverty is “high on the agenda”45 in the medium term. Social Issues Belize’s focus on horizontal social issues in the medium term (2003-2005) is defined by action in three key areas; namely health, education and poverty reduction. In the health sector the gains made in the sector will be protected and the focus on HIV/AIDS strengthened in an attempt to arrest the spread of the disease. In education, the focus will be on improving the quality of education and equity of access to it. Proposed initiatives in this sector include building more and expanding existing high schools, investing $10m in early childhood education, and ensure the provision of free basic primary school textbooks to the needy in Math, Science, English and Social Studies.46 Poverty in Belize According to the GOB’s National Poverty Elimination Strategy and Action Plan 1998-2003,47 a significant portion of the population do not share in the broader social and economic advances enjoyed by most Belizeans; and poverty persists48 Roughly, twenty-five percent (25.3%) of households in Belize, and 33.0% of individuals are poor on the basis of their expenditure on food and non-food items. Approximately ten percent (9.6%) of households and thirteen percent (13.4%) of individuals were considered to be extremely poor or indigent; i.e. their level of 41 fish and shrimp farming 42 formerly the Lome Convention 43 in the case of CARICOM, exports not meeting the rules of origin requirements face the import tariffs prescribed by the Common External Tariff (CET). 44 Medium Term Economic Strategy, ibid, pg. 9 45 ibid pg. 10 46 Medium Term Economic Strategy, ibid, pg. 59 47 Although the data is somewhat dated (1995/96), this publication was found to be the authority on poverty in Belize and is used in that capacity in this report. Plans are underway to construct the Poverty plan for 2003-2008. 48 Government of Belize National Poverty Elimination Strategy and Action Plan, 1998-2003, National Human Development Advisory Committee, Belmopan Belize.PDF Image | Energy for Sustainable Development Toward a National Energy Strategy for Belize Energy Sector Diagnostic
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