Grenada has a number of World Trade Organization agreements which limit and restrict its ability to exercise tariffs. General import tariffs in Grenada are 11%, however there is great variability in the rates that are charged on items (WTO, 2001). The highest tariffs are on food items like vegetables (23.5%), nuts and melons (34.4%) and coffee (22.7%) (WTO, 2001). Relatively low tariffs exist for metals such as iron (5.5%), tin (5%) and copper (6%) as these raw materials are not readily available for mining on the island (WTO, 2001). Fertilizers (0.38%) and pharmaceutical products (2.48%) have some of the lowest tariffs on the island, reflecting their respective importance to agricultural production on the island and the heath of the population (WTO, 2001).
Grenada operates a number of quotas for imports, the most significant being the import quota on ozone depleting substances (NOUG, 2013). This agreement governs the import of hydrochlorofluorocarbons, key components of the refrigerant industry, which is highly active in the country due to its climate and latitudes. In addition, duty free exports of some commodities, such as bananas from Grenada to the United Kingdom, are governed by quotas (14,000 tonnes a year) (Lazare , Antoine , & Samuel, 2001).
Grenada currently has no embargos from other nations and does not embargo goods from any nations (WTO, 2011). In 2013, Grenadian politicians did call for the lifting of the US embargo on Cuba, displaying the complex relationship shared by the US-Grenada-Cuba, stemming from the 1983 invasion of the island which involved all three nations (Spiceislander, 2013).