Crossword Genius

In tax haven, Truss embraces competition? On the contrary (6)

Ross

I believe the answer is:

belize

I'm a little stuck... Click here to teach me more about this clue!

'in tax haven' is the definition.
The answer and definition can be both locations as well as being singular nouns.
Perhaps you can see a link between them that I don't see?

'truss embraces competition? on the contrary' is the wordplay.
I cannot really understand how this works, but
'truss' could be 'liz' (UK politician Liz Truss) and 'liz' is found within the answer.
'competition?' could be 'bee' (I've seen this before) and 'bee' is present in the remaining letters.
No letters remain.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for belize that I've seen before include "Commonwealth state" , "Central American state" , "Caribbean country" , "Central American country, formerly British Honduras" , "Country formerly called British Honduras" .)

I've seen this clue in The Independent.
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