MINISTRY OF FINANCE PLANNING, ECONOMIC DEVELOPMENT & PHYSICAL DEVELOPMENT

GRENADA

 

 

NO. 2/2017                                           DATE: July 12, 2017

 

LAUNCH OF GRENADA’S NATIONAL EXPORT STRATEGY 2017-2021

 

ST. GEORGE’S, GRENADA, Wednesday, July 12, 2017: Grenada will launch its National Export Strategy on Thursday July 27, 2017. This new strategy will be implemented over a period of five years, 2017-2021, with the aim of boosting Grenada’s exports.

 

Honourable Oliver Joseph, Minister of Economic Development, Planning and Trade will receive the strategic document, from the Commonwealth Secretariat, in the presence of the Consultants and Government Officials. Stakeholders from the private and public sectors including Permanent Secretaries; and representatives from Civil Society Organisations, Export Facilitating Agencies and Academia will also be in attendance.

 

Over the past year, the Commonwealth Secretariat has been working with the Government of Grenada, through the Division of Trade, to complete the National Export Strategy. Through active participation from key stakeholders, which involved extensive exercises, workshops, sector groups’ sessions and a national consultation, six (6) priority sectors that have potential to increase exports were identified, as follows:

 

1.      Agriculture and Fisheries – Agro-processed products, fishery products, cinnamon, cocoa, nutmeg, soursop and cloves;

 

2.      Creative Industries – art and craft industry, audio visual industry, film industry, fashion industry;

 

3.      Health and Wellness – herbs and spices and therapeutic tourism;

 

4.      Maritime and Yachting Services;

 

5.      Tourism; and

 

6.      Professional Services – Management Consulting and Information Communication Technology (ICT)

These sectors were chosen in tandem with an assessment of the economy’s potential and its ability to spur growth and sustain development in those areas.

 

In addition to the above, seven (7) cross-cutting challenges that affect the priority sectors as well as other sectors were identified. They are as follows:-

 

1.      Access to Finance;

2.      Cost of Finance (when it is accessible);

3.      Technical Skills;

4.      Market Intelligence;

5.      Transport;

6.      Quality of Products and Services; and              

7.      Market presence in foreign countries

 

The Strategy looked at the main aspects of the enabling environment which warrants focused and targeted interventions to increase the country’s supply capacity. This involves boosting the country’s ability to produce good quality products at a competitive price, lowering the transaction costs of trading across borders and creating new opportunities for the country’s producers to penetrate regional and global markets, as reflected in the strategy’s vision.

Further, the document established a strategic action plan and an implementation framework to assist key agencies to execute their plans; and to measure and monitor the implementation progress. It must be noted that a National Implementation Coordinating Team (NICT) is already appointed to ensure successful implementation of the action plan. 

The National Export Strategy relies on strong Private-Public Partnership, including, dedicated accountable agencies and reliable support services system to achieve successful implementation.

 

Division of Trade, 6th July, 2017

 

 

Past Releases

 

 350 TAXES DUE FOR JUNE 2018

 

 352 SUBMISSION OF GOVERNMENT PENSION LIFE CERTIFICATES

 

  351 GOVERNMENT OF GRENADA TO AUCTION EC$ 15 MILLION 91-DAY TREASURY BILL ON ECSE

 

 350 NEW MINISTER OF FINANCE - STAFF ENGAGEMENT INITIATIVE

 

 349 COMMERCIALIZATION OF THE GOVERNMENT PRINTERY - A WIN-WIN SITUATION

 

   348 FINANCE MINISTER SAYS CUSTOMS OFFICERS ARE DIPLOMATS

 

  347 FINANCE MINISTER COMMENDS THE PROGRESS OF CSO

 

   346 GRENADA TO HOST - NATIONAL CONSULTATION ON DRAFT CARICOM COHESION POLICY

 

  345 MINISTER FOR FINANCE APPLAUDS THE EFFORTS OF THE IRD

 

  344 STAFF ROTATION KEY TO A MORE PRODUCTIVE PUBLIC SERVICE

 

  343 GRENADA TO HOST - NATIONAL CONSULTATION ON DRAFT CARICOM COHESION POLICY

 

   342 TAXES DUE FOR MAY 2018

 

   341 IRD OUTREACH OFFICE INITIATIVE

 

   340 FINANCE MINISTER MEETS PHYSICAL DEVELOPMENT STAFF

 

   339 MINISTER FOR FINANCE APPLAUDS THE EFFORTS OF THE IRD

 

     338 NEW MINISTER OF FINANCE - STAFF ENGAGEMENT INITIATIVE

 

   337 CARIBBEAN EXPORT DEVELOPMENT AGENCY

 

   336 GRENADA TO HOST “ACCESS TO FINANCE” SEMINAR AND “PITCH” COMPETITION

 

      335 LAST CALL FOR TAXPAYERS TO FILE AND PAY TAXES

 

   334 IRD EXTENDS OPERATING HOURS

 

     333 ADJUSTMENT IN "SEED" PAYMENT SCHEDULE FOR MARCH 2018

 

     332 GRENADA TO HOST OECS DATA DISSEMINATION WORKSHOP

 

     331 EC$ 15 MILLION 91-DAY TREASURY BILL

 

     330 MINISTRY OF FINANCE CORRECTS FAKE NEWS ON BOND ISSUE

 

     329 IRD EXTENDS OPERATING HOURS

 

  328 NATIONAL OZONE UNIT HOSTS NATIONAL CONSULTATION FOR STAKEHOLDERS - REFRIGERATION AND...

 

  327 REQUEST FOR PENSION CERTIFICATE

 

  326 GRENADA HOSTS REGIONAL SECURITY FOR AUTOMATIC EXCHANGE OF ...

 

  325 RENEWAL OF ANNUAL LICENCES 2018

 

  324 GENERAL NOTICE

 

  323 TAXES DUE FOR JANUARY 2018

 

  322 RENEWAL OF ANNUAL LICENCES 2018

 

  321 GREEN CLIMATE FUND MISSION TO GRENADA

 

  320 BOARD OF SURVEY- TUESDAY JANUARY 2nd, 2018

 

  319 SUBMISSION OF GOVERNMENT OF GRENADA PENSION LIFE CERTIFICATE

 

    318 TAXES DUE FOR DECEMBER, 2017

 

    317 TAXES DUE FOR DECEMBER, 2017

 

  316 STATEMENT FROM THE MINISTRY OF FINANCE IN RESPONSE TO EU BLACKLISTING OF COUNTRIES

 

  315 INCREASED INVESTOR CONFIDENCE IN GRENADA LEADS TO OVER-SUBSCRIPTION OF EC$48.56 MILLION IN TREASURY BILLS

 

    314 "SEED" PAYMENT SCHEDULE FOR DECEMBER 2017

 

  313 KITE FLYING - A MAJOR ISSUE FOR LIDAR TOPOGRAPHICAL SURVEY

 

  312 GRENADA SECURES ADDITIONAL US $58 MILLION IN DEBT REDUCTION

 

    311 CUSTOMS APPEALS COMMISSION ESTABLISHED

 

 

  310 BUDGET PRESENTATION 2018

 

 

  309 GREEN CLIMATE FUND APPROVES READINESS AND PREPARATORY SUPPORT PROGRAMME FOR GRENADA

 

 

  308 GOVERNMENT OF GRENADA RECEIVED XCD $4.36 MILLION DOLLARS FROM THE EUROPEAN UNION

 

 

  307 2017 LABOUR FORCE SURVEY COMMENCES

 

 

  306 TAXES DUE FOR SEPTEMBER, 2017

  

 

    

 

PUBLIC DEBT QUARTERLY BULETIN

QUARTER 1 - 2018

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Address:         Financial Complex

                       The Carenage

                        St. George’s

                        GRENADA, W.I

 

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