Grenada to be removed from EU blacklist

Friday, January 12, 2018

Print this page Email A Friend!

ST GEORGE'S, Grenada (CMC) – Prime Minister Dr Keith Mitchell says Grenada is expected to be removed from the European Union blacklist by the end of January.

The decision to remove Grenada, one of 17 countries blacklisted by the EU, is expected to follow a meeting of the Financial and Economic Unit of the OECD set for January 23.

“I gave it up because I felt angered by the behaviour of a couple of our leaders in the region.“

On December 5, the Council approved and published conclusions containing an EU list of non-cooperative jurisdictions in taxation matters.

It said Grenada did not sign or ratify the OECD Multilateral Convention on Mutual Administrative Assistance as amended and did not clearly commit to addressing these issues by December 31, 2018.

However, Prime Minister Mitchell says in any serious and objective situation, Grenada ought not to have been placed on the list initially, since the country has met all the conditions required.

“On January 23rd the Financial and Economic Unit of the OECD will be meeting after the response from Grenada and of course, we pointed out the mistakes that were made,” Mitchell said, adding that the island will be removed from the list – “So I think we would have gone through that process successfully”.

The Ministry of Finance had issued a statement saying Grenada made high level commitments, complete with timelines, to the EU Code of Conduct group by way of letters on November 17 and 28, 2017.

Grenada's commitments were in response to concerns raised by the OECD group regarding meeting all the criteria set up by the EU Council for Transparency and fairness in taxation, and was well on track to doing so.

Mitchell said it was accepted that the decision was unfair.

“But the specific case of Grenada, we had asked for some communications sent to us so that we would move and deal with what we are supposed to do,” the prime minister said.

“And they took a very long time to send it, so since the blacklist came on they have sent the information and we then replied and like I said before the end of the month from indication in correspondence received last week. We expect to be released from that blacklist.”




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon