Grenada has often invested in, and struggled with, subsidies for various industries. Perhaps one of the best documented programs is the long standing policy of the Grenadian government to subsidize portions of the fisheries industry. Research conducted by the Pew Charitable Trust has indicated that in the year 2000, Grenada was involved in a number of positive subsidies programs such as fisheries management ($196,000 USD) and maintenance of Marine Protected Areas (MPA’s, $106,000 USD) (The Fisheries Center, 2006). However, these positive subsidies (as defined by the authors and developing the resource) are far outstripped by purported harmful subsidies such as fishery development ($726,000 USD) and storage infrastructure ($139,000 USD) (The Fisheries Center, 2006). In addition to the fisheries, the government has long been known to give generous subsidies to the tourism industry, including holidays on import tax, specialized financing and direct investment (Johnrose, 2011). These subsidies are
Grenada is not activity involved in export financing as the government is under regular economic pressure as a developing economy. With the help of the International Trade Center (ITC), Grenada had developed a National Export Strategy (NES) in 2006, however, financing is primarily limited to the payment of salaries of in country support staff (Bagwhan logie, 2006).
Grenada participates in a number of foreign trade zones, chief among them CARICOM, the common market zone incorporating 15 Caribbean countries (Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, St. Kits & Nevis, Saint Lucia, St. Vincent & The Grenadines, Suriname, and Trinidad & Tobago) (CARICOM, 2001). The single market economy afforded by CARICOM allows for member of each state to travel and trade between member states with little or no restrictions, similar to the European Union. Further, the trade zone has resulted in the establishment of the Caribbean Exchange Network (CXN), which facilities the public trading of company stock across some members of the trade zone (Collister, 2006). Specifically, the Eastern Caribbean countries (members of the Eastern Caribbean Central Bank), lacking significant size to support their own exchanges, have joined with larger economies such as Jamaica and Trinidad & Tobago, to create a more lucrative trading platform (Shridath Ramphal Center, 2010).