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Grenada: Trade Profile

Foreign Trade in Figures

The country has an open economy, foreign trade representing more than 90% of the GDP. The trade policy aims at reviving exports by developing and enhancing competitiveness of the service and manufacturing sectors, and by diversifying agriculture. The government also wants to reduce the manufacturing costs of goods in the country. Customs duties are not very high. The country is easily accessible and as such does not have many trade barriers. CARICOM (Caribbean Community) member countries are given special treatment. Imports destined for government institutions are free of customs duty.

Factors such as the creation of a transparent and stable trading system, a streamlined regulation and tax incentives promote the development of trade in the country.

The country's economy is strongly dependent on imports in order to meet most of the populations' needs in terms of consumer goods. The balance of trade is negative and is expected to remain negative in the coming years.

The Grenada’s main trade partners are the United States, CARICOM and the European Union.

To go further, check out our service Import export flows

Commercial Policy

Main International Economic Cooperation

Member of World Trade Organisation
Member of Caribbean Community (CARICOM)
Member of Free Trade Area of the Americas (FTAA)

Assessment of Commercial Policy

Country’s commercial policy

Average Customs Duty (Excluding Agricultural Products)

12.52%

List of tariffs and local taxes that apply to your product on our service Customs duties and local taxes

Useful Resources

National customs website

National Organization of Intellectual Property

You can contact the Corporate Affairs and Intellectual Property Registrar’s Office by Email.

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Last Updates: January 2012