Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-I§2 |
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2014 |
Trade Policy Framework |
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Agriculture (including livestock and forestry) remains a major source of foreign exchange earnings and employment in Dominica. Although in decline over the long term, its contribution to GDP increased from 8.9% in 2007 to 10.5% in 2013 (Table 1.1). This contribution is far larger than in any other OECS country where the agriculture sector accounts for less than 6% of GDP. The sector is vulnerable to natural disasters and crop conditions, which is particularly costly given their relatively frequent occurrence. In 2010, the sector was hard hit by a drought. In 2013, the production of bananas was halved due to a leaf disease.
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Government TPR |
WT/TPR/G/299/REV.1 |
G-V§1 |
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2014 |
Trade Policy Framework |
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(…) Eco-tourism, agro-industries, niche-focused agriculture, water, and the quarrying of sand and aggregate are some of the natural resource based industries which Dominica enjoys some comparative advantage and have great potential to generate employment and income growth opportunities. (…)
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Government TPR |
WT/TPR/G/299/REV.1 |
G-IX§5 |
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2014 |
Trade Policy Framework |
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The first Round of the CARICOM-Canada Trade Negotiations commenced on 10 November 2009; to date there have been Five (5) successive rounds of negotiations; the Sixth Round is now in progress. This Agreement when concluded will by all indications be very comprehensive indeed since it will embrace Services, Investment, Labour and Environment issues (…)
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Government TPR |
WT/TPR/G/299/REV.1 |
G-I§12 |
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2014 |
Trade Policy Framework |
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The Government of Grenada envisions that the "New Economy" will comprise inter alia a world class tourism, yachting and marina destination, complemented by efficient business, finance and information technology services, an efficient light manufacturing sector, a well-diversified agricultural sector focused on "value added" products, a dynamic oil and gas and renewable energy sector, and a highly efficient agro-industrial sector cluster dedicated to oils and flavour extraction for health, food, cosmetic and pharmaceutical applications.
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Government TPR |
WT/TPR/G/299/REV.1 |
G-II§9 |
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2014 |
Trade Policy Framework |
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The Ministry of Economic Development, Planning Trade and Cooperatives also coordinates the work of the Cabinet appointed National Trade Policy Coordinating Committee (NTPCC), which comprises representatives of Ministries and Departments with a bearing on trade policy, as well as representatives of the Private Sector and Civil Society. The NTPCC informs the development of trade policy and adopts positions for trade negotiations with respect to market access for goods and services, government procurement, intellectual property rights, investment, labour market mobility, trade and labour, trade and environment, trade facilitation, dispute settlement, among others. (…)
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Government TPR |
WT/TPR/G/299/REV.1 |
G-III§2 |
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2014 |
Trade Policy Framework |
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The Treaty establishes the OECS economic union, making possible the creation of a single financial and economic space within which goods, people and capital move freely, monetary and fiscal policies are harmonized and countries continue to adopt a common approach to trade, health, education and environment, as well as to the development of such critical sectors as agriculture, tourism and energy.
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Government TPR |
WT/TPR/G/299/REV.1 |
G-IV§27 |
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2014 |
Trade Policy Framework |
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The Strategy highlights the following key areas for Aid for Trade interventions at the CARICOM level:
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4) Caribbean Renewable and Alternative Energy Roadmap: Developing a regional bio energy strategy, implementing a strategy for promoting solar cooling technology, and establishing a financing mechanism for micro, small and medium sized enterprises;
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Government TPR |
WT/TPR/G/299/REV.1 |
G-I§23 |
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2014 |
Trade Policy Framework |
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Downside risks to the country's growth projections include external shocks such as; natural disasters, escalating fuel and oil prices and moderate increases in food prices.
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Government TPR |
WT/TPR/G/299/REV.1 |
G-I§3 |
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2014 |
Trade Policy Framework |
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As a Small, Open, Vulnerable Economy, Grenada is constrained in its development by a number of factors, which taken together challenge the country in implementing its WTO obligations, particularly as it relates to the creation of new institutions and in competing effectively in a liberalized trade environment. These include: susceptibility to natural disasters; (…)
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-I§8 |
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2014 |
Trade Policy Framework |
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In the near future, the authorities expect the pace of economic activity to accelerate triggered by increased activities in the construction sector, both private and public, and expansion in the tourism industry with the opening of the Sandals La Source Resort and Spa. Risks to the prospects include natural disasters/unfavourable weather conditions and weaker economic growth, particularly in the United States, a major trading partner and source of tourists and students.
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