Year Founded: 1981
Belize is our diplomatic ally and tends to establish diplomatic relations with entities with limited recognition, such as the Sahrawi Arab Democratic Republic and the Republic of Kosovo. Its traditional economy is based on forestry and the country produces many high-value wood products. Its economy is based on cash crops, such as sugarcane and fruits. Belize has abundant natural resources and is known for having the world’s second-largest coral reefs and Mayan ruins. Its tourism industry has been greatly affected by Covid-19, leading to its foreign debt now being higher than its GDP. Around 40% of the population still lives below the poverty line. In September 2020, the Taiwan-Belize Economic Cooperation Agreement was signed.