EENI Global Business School

Business in Grenada. Grenadian Economy

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Syllabus of the Subject

Grenadian Foreign Trade, Business in St. George's (Grenada)

  1. Introduction to Grenada (the Island of Spice)
  2. Business in St. George's
  3. Grenadian Economy
  4. Grenadian Foreign Trade
  5. Business Opportunities in Grenada
  6. Access to the Grenadian market
  7. Business Plan for 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 student's country
  4. To know the Trade Agreements of Grenada
  5. To develop a business plan for the Grenadian market

E-learning Courses, Diplomas (Global Business, Foreign Trade)

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

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Masters adapted for Caribbean students.

Languages Masters, Doctorate, International Business, English (Study Master Doctorate in International Business in Spanish Granada Study Doctorate in International Business in French Granada Masters Foreign Trade in Portuguese Grenada).

Foreign Trade and Business in the Caribbean (CARICOM) and Cuba

International Trade and Business in Grenada:

Market Access - Free Trade Agreements

Preferential Access and Trade Agreements of Grenada:

  1. Grenada and the Caribbean Economic Area
  2. Association of Caribbean States
    1. CARIFORUM-EU Agreement
    2. Colombia-CARICOM Agreement (Grenada)
    3. CARICOM-Dominican Republic Agreement
    4. Costa Rica-CARICOM Agreement (Grenada)
  4. Caribbean Basin Initiative
    1. The U.S.-Caribbean Basin Trade Partnership Act
  5. Latin American and Caribbean Economic System
  6. Caribbean-Canada Trade Agreement
  7. UK-CARIFORUM Free Trade and Economic Integration Agreement

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. BIC (Containers)
  3. Chicago Convention (ICAO)
  4. International Maritime Organization

Globalization and International Organizations

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

  1. CELAC
  2. OAS
  3. ECLAC
  4. Inter-American Development Bank

Global Organizations:

  1. Commonwealth
  2. UN
  3. WB
  4. WTO
  5. 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 km²
  9. Population of Grenada: 110,000 inhabitants
    1. Grenadian Population density: 260 inhabitants / km²
    2. 80% of the population has an African origin
  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 U.S.
  17. Type of government: Constitutional monarchy (Queen Elizabeth II, Commonwealth)
  18. Grenada became independent from the UK in 1967

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

Grenada belongs to the Caribbean Economic Area.

Foreign Trade and Business in Grenada, Caribbean

Christianity and Global Business (Catholicism, Protestantism)

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

Foreign Trade (Importing, Exporting)

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 U.S.
  3. Main imports of Grenada: food, manufactured products, machinery, chemicals, and fuels
  4. Largest providers of Grenada: Trinidad and Tobago, the U.S., Israel, the EU
  5. Main port: St. George's
  6. Maurice Bishop International Airport

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