Trade and Business in Grenada

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

1. To analyze the economy and Grenadian Foreign Trade;
2. To explore the Business Opportunities in Grenada;
3. To analyze 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.

The Subject «Foreign Trade and Business in Grenada» belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): American Business, World Trade.

Learning materials in: ( Granada Granada Grenada).

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 Organization (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 Organization (ICAO, Chicago Convention);
4. International Maritime Organization (IMO).

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

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

Global Organizations:

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

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 kilometers;
9. Population of Grenada: 110,000 inhabitants;
   1. Grenadian Population density: 260 inhabitants / square kilometers;
   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 colonization;
15. 1762: British colonization;
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 Civilization.

Sample:

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.

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