A pair of CARICOM countries has signed a landmark new economic agreement.

Belize and Guyana have signed a new trade and investment agreement, with both sides hoping the pact can open new areas of funding and marketing for local producers.

The memorandum of understanding seeks to increase joint initiatives from the private sectors of both Guyana and Belize.

It does not specify any quotas on imports or exports, nor does it put limitations on products that can be traded between the two countries.

“It depends on what we can produce and what you can buy. The products that are produced in Guyana could be sold in Belize, whatever quantities you produce,” said Belize Foreign Affairs Minister, Wilfred Elrington.

— Caribbean Journal Staff