Grenada National Export Strategy Review and Strategic Options for Export Development

The Project at A Glance

The economy of Grenada remains largely anchored on traditional exports of agriculture (primarily nutmegs) and tourism, and there are limited incentives for the economy to develop a competitive dynamism built on other non-traditional sectors. New economic developments should be built on competitive advantage, entrepreneurship and the ability to adapt to changing economic conditions.
In consortium with a Jamaican consultancy company, International Economics conducted the Review of the 2006-2011 Grenada National Export Strategy (NES) and to developed a Strategic Options Paper for export development.

What We Found

With a weak export structure that has remained almost unchanged for two decades, export performance in Grenada has been relatively poor, characterized by exports of goods and services stagnating at a low level. The Government of Grenada has received the support of the Commonwealth Secretariat to undertake a review of The National Export Strategy (NES) 2006-2011 and identify strategic options for export development. This intervention was intended to assist exporters or export-ready firms from strategic sectors to increase exports in regional and international markets.

Our Strategy and Impact

The objective of the assignment was two-fold, to undertake a Review of the NES and to develop a Strategic Options Paper for export development with the view to assist exporters, or export-ready firms, from strategic sectors to increase exports in regional and international markets. The approach to undertaking the export strategy review is being driven by extensive stakeholder consultations and reviews of available information reports; in particular, information available on Grenada’s export and trade performance, followed by analysis. The aim of the Strategic Options Paper was to undertake an export competitiveness environment evaluation and assessed the productive capacity of key firms/producers in the identified sectors, identifying constraints .

Our Core Solutions

As businesses seek to expand operations into new markets, the need to explore global supply chains and understand the international regulatory framework becomes crucial. At International Economics Consulting, we build tailor-made strategies for both import and export-oriented business solutions.