The Ministry consists of three main divisions:
The Trade Department is responsible for the formulation and implementation of trade policies for the promotion, growth and development of domestic and international trade. Additionally, the Trade Department is responsible for the negotiations and implementation of trade agreements at the regional (OECS, CARICOM), multilateral (WTO) and bilateral levels as well as the implementation of trade enhancing programs locally.
Special attention continues to be focused on the diversification of markets and goods and services for export through the implementation of the National Export Strategy.
The main functions of the Trade Department are as follows:
- Negotiate regional, multilateral and bilateral trade agreements;
- Implement obligations undertaken in trade agreements;
- Disseminate trade-related information to the private sector and other stakeholders;
- Oversee implementation of the National Export Strategy;
- Participate in trade shows and undertake trade missions to promote Grenada’s goods and services;
- Implement trade facilitation measures.
The Department of Industry mandate is to facilitate industrial development by initiating policies, programs and projects for the development of the industrial sector. In industry, the thrust continues primarily to be the development of a more competitive industrial sector that is capable of competing on the regional and international level with high-quality value-added products.
The main functions of the Industry Department are as follows:
- Support development of micro small and medium enterprises and industries with a major focus on backward and forward linkages;
- Develop and promote standardization, quality assurance, laboratory testing and accreditation to enhance the competitiveness of local industries, ensure consumer protection and enforce compliance with technical regulations;
- Initiate, develop and implement policies, legislation and strategies that foster accelerated industrial and business development and expansion and promote value addition;
- Collect, analyze and disseminate information on the industrial/business sector for policy guidance and decision making.
The mandate of CARICOM Affairs is to oversee the implementation of regional and sub-regional trade policies and agreements.
The main functions of CARICOM Affairs are as follows:
- Ensure that Grenada’s interest is well represented at the Council for Trade and Economic Development;
- Implement commitments undertaken by Grenada under the CSME and Revised Treaty of Chaguaramas;
- Monitor and assess regional and sub-regional trade and business environment;
- Supervise requests for suspension of the Common External Tariff.