Prior to the 2004 agricultural destruction and resulting economic downturn attributed to hurricane Ivan, Grenada had a well-documented comparative advantage in the spice trade, specifically nutmeg (Boyes & Melvin, 2013). The island capitalized on this, billing its self as the “spice isle” for many years, a name it still retains, in spite of a sharp decline in the industry. Since 2005, spice production has dropped in Grenada, shifting primarily to lower cost producers in Southeast Asia (Boyes & Melvin, 2013). Grenada has been successful in becoming competitive in the wheat flour processing market, an interesting expansion given that wheat is not a major product of the island and thus is imported for processing and subsequent exportation (Schipke, Cebotari, & Thacker, 2013). Although the country is actively involved in the banana trade, it lacks comparative advantage in the production and as such suffers a reduced market share when compared to others in the Caribbean and Central American region (WTO, 2011). Recently (post 2004) a cottage industry has developed, having the potential to introduce a new comparative advantage industry. Focused on organic, Fair Trade and Transport, sustainably harvested and processed chocolate and coco production, it has taken hold in the North-Eastern corner of the island and received international awards (AOC, 2013). The potential expansion of this emerging market has yet to be seen but the current system and value added approach appears unique to Grenada.