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International Finance

Chapter Two: Belize

Tucked under the southeast border of the Yucatan Peninsula, Belize is bounded by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the south and west. A land rich in natural beauty, this small country supports tropical forests, numerous rivers, an expansive coastline with hundreds of offshore islands, mountain ranges, low-lying savannas, and none of the active volcanoes that threaten the rest of Central America. Formerly known as British Honduras, Belize was the last Central American country to gain independence. In 1981 it ceased to be a colony of the United Kingdom.


What Time Is It in Belize?

Belize is one hour behind Eastern Standard Time. When it’s 10 a.m. in Washington, D.C., then it’s 9 a.m. in Belize.


People

The least populated of the Central American countries, Belize is a blend of many different cultures. Metizos, people of mixed Spanish and Indian blood, and Creoles, people of full or partial African descent, account for most of the nation’s people. Indians are a small, but significant segment of the populace, including the Maya whose ancestral communities dot the country’s hilly regions. Other minorities include East Indians, Lebanese, Chinese, Arabs, and German Mennonites. The majority of this diverse population peacefully coexists in urban areas or villages along the coast. Belizeans are also in tune with nature. Many have become active in efforts to protect their natural and cultural heritage.


Doing Business in Belize

If you are planning to do business in Belize, here are a few tips you might want to know.

Greetings

  • Shaking hands is traditional on arrival and departure. Don’t be surprised by the more energetic two-handed handshake.
  • In Latin America, people are not always addressed the same way from one country to another. Better to be safe and ask, "What shall I call you?" Titles are respected.

Gestures

  • People from Latin American countries are more emotional than Americans. Follow their lead and don’t back away if they stand closer than you would like.
  • If food is offered, it’s considered rude to refuse.

Protocol

  • Be punctual, but be prepared for at least a 30-minute delay.
  • Have business cards printed in both English and the local language.
  • Dress as you would in the U.S., but be aware that Latin American attire is more casual. Even business professionals wear a guayabera—a long white embroidered shirt that is left untucked.
  • Be warm, friendly, and maintain direct eye contact.


Want to know more about Belize?

Visit www.belize.org or www. Britannica.com.

 


   
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