For a developing country to forego such revenue shows a tremendous commitment to the environment. It also reflects that, unlike drilling, eco-tourism is a stable and profitable industry, particularly when you are sitting on the Belize Barrier Reef Reserve System World Heritage site. The reef not only brings in tourists but is the main food source for the island.
As we have discussed, the Australians took the pro-development approach under a prior administration on the Great Barrier Reef to the outrage of many around the world.
Tourism in Belize brings in $182 million to $237 million per year while fisheries support about 190,000 people.