Business in Grenada, St. George's

The objectives of the subject «Doing Business in Grenada» are the following:

1. To analyse the economy and Grenadian Foreign Trade (Import, Export)
2. To explore the Business Opportunities in Grenada
3. To analyse the trade relations of Grenada with the country of the student
4. To know the Free Trade Agreements of Grenada
5. To develop a business plan for the Grenadian market

Preferential Access and Free Trade Agreements of Grenada:

1. Grenada and the Caribbean Economic Area
2. Association of Caribbean States (ACS)
3. Caribbean Community (CARICOM)
   1. CARIFORUM-European Union (EU) Economic Partnership Agreement
   2. Colombia-CARICOM Agreement (Grenada)
   3. CARICOM-Dominican Republic Free Trade Agreement (FTA)
   4. Costa Rica-Caribbean Community Agreement (Grenada)
4. Caribbean Basin Initiative
   1. United States-Caribbean Basin Trade Partnership Act (CBTPA)
5. Latin American and Caribbean Economic System (SELA)
6. Caribbean-Canada Trade Agreement (CARIBCAN)
7. United Kingdom-CARIFORUM Free Trade and Economic Integration Agreement

Trade Facilitation Programs

1. World Trade Organisation (WTO)
   1. WTO General Agreement on Trade in Services (GATS)
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
   3. WTO Agreement on Technical Barriers to Trade (TBT)
   4. WTO Agreement on Preshipment Inspection (PSI)
   5. WTO Agreement on Safeguards (SG)
   6. WTO Trade Facilitation Agreement (TFA)
2. International Bureau of Containers and Intermodal Transport (BIC)
3. International Civil Aviation Organisation (ICAO, Chicago Convention)
4. International Maritime Organisation (IMO)

American Trade and Economic Organisations. Grenada is a member of...

1. Community of Latin American and Caribbean States (CELAC)
   1. European Union-CELAC Summit
2. Organisation of American States (OAS)
3. Economic Commission for Latin America and the Caribbean (ECLAC)
4. Inter-American Development Bank (IDB)

Global Organisations

1. Commonwealth
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD)
   2. International Trade Centre (INTRACEN)
   3. World Intellectual Property Organisation (WIPO)
3. World Bank (WB)
4. World Trade Organisation (WTO)
5. International Monetary Fund (IMF)
6. ...

Grenada.

1. Grenadian Capital: St. George's
2. Largest cities: St. George's, Grenville and Gouyave
3. Parishes: Saint Patrick, Saint Andrew, Saint David, St. George's, Saint John and Saint Mark
4. Smaller Grenadians: Carriacou, Petite Martinique, Ronde Island, Caille Island, Diamond Island, Large Island, Saline Island, and Frigate Island
5. Carriacou Islands (Hillsborough) and Petite Martinique belong to Grenada
6. Grenada does not share land borders with any country
7. Nearest countries to Grenada by sea: Saint Vincent and the Grenadines, Trinidad and Tobago and Venezuela
8. Area of Grenada: 344 square kilometres
9. Population of Grenada: 110,000 inhabitants
   1. Grenadian Population density: 260 inhabitants / square kilometres
   2. 80% of the population has an African origin (African Diaspora)
10. Official language of Grenada: English (Grenadian Creole)
    1. French Creole is also used
11. Abolition of Slavery in Grenada: 1834
12. Climate of Grenada: tropical
13. 1498: discovery by the Spanish (Conception)
14. 1650-1762: French colonisation
15. 1762: British colonisation
16. 1983: Invasion by the United States
17. Type of government: Constitutional monarchy (Queen Elizabeth II, Commonwealth)
18. Grenada became independent from the United Kingdom in 1967

Main religion in Grenada: Christianity - Catholicism (53% of the Grenadian population)

Grenada belongs to the Caribbean Economic Area of the Western Civilisation

Grenadian Economy.

1. 1980: socialist system
2. An open, small and tourism-based economy (main currency generator)
3. Serious external debt problems
   
4. GDP Grenadian (PPP): 1,701 million dollars
5. GDP per capita of Grenada (PPP): 15,352 Dollars
6. The main crops of Grenada (the island of spices) are: nutmeg, mace, cloves, ginger, cinnamon, cocoa, citrus, bananas
7. Grenada is the world's second largest nutmeg producer after Indonesia
8. Small production of beverages, food and textiles
9. Grenadian Currency: East Caribbean dollar (XCD)
10. Country code top-level domain of Grenada: .gd

Grenadian Foreign Trade

1. Main exports of Grenada: nutmeg, electronic component assembly, bananas, cocoa, fruits and vegetables, clothing
2. Main export markets of Grenada: Nigeria, Saint Lucia, Antigua and Barbuda, Saint Kitts and Nevis, Dominica, the United States
3. Main imports of Grenada: food, manufactured products, machinery, chemicals, and fuels
4. Largest providers of Grenada: Trinidad and Tobago, the United States, Israel, the European Union
5. Main port: St. George's
6. Maurice Bishop International Airport

(c) EENI Global Business School (1995-2021)
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