Greenland and the U.K. formally launched free trade agreement negotiations on Thursday, with a bilateral meeting between Greenland’s Prime Minister Mute Bourup Egede and the British Embassy in Copenhagen’s Head of Political, Katherine Dark. “A new free trade agreement between our countries will benefit our industry and be a springboard for developing our bilateral relations for the benefit of both countries,” Egede said in a news release. Greenland lost its trade frame work with the U.K. when Greenland left the EU in 1985 in order to maintain its fishing rights. The Government of Greenland said reestablishing a new agreement is important for the growth of its fishing industry. “The purpose of the free trade agreement is to reduce or eliminate U.K. customs duties on Greenlandic seafood products when the products are brought into the UK.

Source: CBC News January 27, 2022 22:08 UTC