by Linda Straker
Grenada’s revised National Export Strategy (NES) will soon become a working document for persons in the various targeted sectors as the country embark on initiatives that should result in increased export of both goods and services.
Trade Minister Oliver Joseph, told a sitting of the House of Representatives that the strategy was developed by consultants through funding from the Commonwealth and local stakeholders in the various identified sectors. Joseph informed the House about achievements of the ministries under his portfolios. “This export strategy identifies some key growth areas in which we need to invest in to develop so that we can see an increase in export.”
“That will be a guiding document for the country, Mr Speaker the intention is to increase export which in turn can increase in foreign exchange earnings of the country,” he said. Joseph said that the document presentation is set for July.
The process for developing the strategy commenced in 2015 with the launch of the Core Design Team. This Core Design Team guided the development process of the National Export Strategy for the period 2016-2020. The strategy identifies priority sectors to boost Grenada’s export for revenue generation and employment creation over the next 5 years.
In addition, the strategy emphasises and fills the essential role of tracking and measuring the implementation progress through public-private partnership. A total of 6 priority sectors have been identified:
Agriculture and Agri-business
- Cocoa, nutmeg and spices
- Fruits and vegetables
- Health and wellness
Marine services and Yachting
- Management consulting
- Music and performing arts
- Visual Arts