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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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-II§19 |
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2014 |
Trade Policy Framework |
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In 2011, Grenada developed an investment-generation strategy with the goal of increasing private investment in some selected sectors. Five sectors were identified as transformational, and some niches have been identified:
• agri-business: production of organic fruits, vegetables, spices and herbs;
(…)
• energy development: the manufacturing, installation and servicing of solar water heaters and solar-powered products.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-Table-II.1 |
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2014 |
Trade Policy Framework |
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Table 2.1. Major trade-related laws and regulations, December 2013
Legislation: Environmental Levy Act
Reference or date of first adoption: Act No. 5 of 1997
Latest amendment: Act No. 13 of 2007
Legislation: Forest, Soil and Water Conservation Act
Reference or date of first adoption: 1st August 1949
Latest amendment: Act No. 34 of 1984
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Environment
Forest
Conservation
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-IV§18 |
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2014 |
Sectors |
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Fisheries |
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According to the authorities, some of the problems the industry faces include illegal fishing activities and inadequate access to transportation. A new fishing complex built in 2011 on the west coast of Grenada in the community of Gouyave (with the assistance from Japan) comprises a processing facility and a fish market equipped with storage facilities.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-IV§22 |
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2014 |
Sectors |
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Energy |
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Since 2007, GRENLEC has run a pilot programme that allows consumers who auto generate renewable energy to connect to its grid. Customers are required to sell all the power they generate to GRENLEC, and buy all the power they need from GRENLEC. The selling price is based on an annual average of the cost of fuel. GRENLEC is also diversifying its infrastructure to accommodate the use of renewable energy, the goal being to use it to meet 30% of its demand by 2016 using this type of energy. A project of a wind farm on the island of Carriacou, financed with an EU grant, is expected to meet approximately 40% of local demand.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-IV§9 |
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2014 |
Sectors |
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Agriculture |
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Grenada was once the world's second largest producer of nutmeg; it is currently ranked about fifth or sixth. Production has been severely affected by the effects of hurricane Ivan, which destroyed approximately 90% of nutmeg trees, along with nutmeg wilt disease; and the industry produces barely 17% of its pre hurricane level. In 2011, nutmeg and mace represented 12% of total exports and 35% of agricultural exports. Although starting to recover, the nutmeg industry is now being affected by a root-disease, which poses a serious threat to its future. The Ministry of Agriculture hired a consultant to study the disease, and recommendations were made to the Ministry. (…)
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-I§2 |
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2014 |
Sectors |
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Agriculture |
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Agriculture's contribution to GDP fell to 4% in 2013 from over 5% in 2000 (Table 1.1). The sector has not fully recovered from the devastation left by hurricane Ivan in 2004, which caused the destruction of 90% of Grenada's nutmeg trees (section 4.1). Grenada is the world's second largest producer of nutmeg. Since the previous TPR of Grenada, the production of nutmeg has been recovering although, affected by the nutmeg wilt disease, the industry barely reached 10% of its pre hurricane level. Nevertheless, the share of agricultural exports in total exports has been growing and reached 46.5% of total exports in 2011; nutmeg accounts for some 35% of agricultural exports.
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Government TPR |
WT/TPR/G/299/REV.1 |
G-II§1 |
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2014 |
Sectors |
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Agriculture |
Relevant information
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(…) The Department (of Agriculture)'s stated mission is "to be a high quality provider of leadership and support in non-sugar agriculture; to secure food self-sufficiency and satisfy export markets towards sustainable development in St. Kitts and Nevis".\
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Government TPR |
WT/TPR/G/299/REV.1 |
G-II§2 |
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2014 |
Sectors |
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Agriculture |
Relevant information
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The agricultural diversification programme is expected to facilitate growth within the sector and must be sustainable through the integration of techniques and processes used in crop cultivation, livestock farming and marine resource management. This would ensure that output in the sector is enhanced while reducing the real risks of land degradation, depletion of water resources and soil nutrients, contamination of the soil, potable and coastal waters, destruction of terrestrial and marine ecosystems and food loss.
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