Trade & Investment Agreements
To facilitate trade and investment, a variety of trade agreements have been established between Grenada and several regional and international countries, allowing business investors access to many lucrative markets.
Economic Partnership Agreement
An agreement in the internal trading system that promotes sustainable development, builds a regional market among developing countries and helps eliminate poverty. The EPA removes all tariffs and quotas on Caribbean exports to the EU – except for sugar and rice.
The Bilateral Investment Agreements have been designed to encourage and protect international investments and to ensure that investors receive fair, equitable and non-discriminatory treatment. The agreement is established between Grenada and the following countries.
Investment protection and promotion agreement with the United Kingdom
An agreement that encourages British investor confidence by setting high standards of investor protection applicable in international law. Key elements include provisions for equal and non-discriminatory treatment of investors and their investments, compensation for expropriation, transfer of capital and returns and access to independent settlement of disputes.
Reciprocal encouragement and protection of investment with the USA
The agreement protects U.S. investors against performance requirements, restrictions on transfers, arbitrary expropriation and sets forth procedures for the settlement of disputes. It also promotes private sector development.
Caribbean Single Market & Economy (CSME)
The CARICOM Single Market and Economy is an arrangement which allows CARICOM goods, services, people and capital to move throughout the community without restrictions to achieve a single large economic space and provide for one economic and trade policy. The CSME was envisioned to embody the notion of a Single Caribbean Economy based upon the pursuit of unified and harmonized economic, fiscal and monetary policies.