Greenland–European Union relations and 2020, €217.8 million are planned for sustainable development, with focus on education. In 2015, a joint declaration about closer relations between EU and Greenland was signed by Denmark, Greenland and the EU. In March 2015, the President of the EU Commission, the Prime Minister of Denmark and the Greenland Premier signed 'an umbrella' framework document outlining EU-Greenland relations, a "Joint Declaration on relations between the European Union, on the one hand, and the Government of Greenland and the Government of Denmark, on the other". By this document, the EU confirms its long lasting links with Greenland and reiterates the
Greenland–European Union relations EU. There was hope that the Icelandic negotiations on EU membership 2011–2013 could create an exception to the policy but the negotiations never got that far. "Gigantic Arctic possibilities" refers to natural resources such as mining. There is a very large iron deposit, Isua Iron Mine. Greenland can not finance the large cost of developing it and does not have such experience, so it has contracted a foreign company, which did not start to develop it because of low iron prices. Greenland is eligible for EU funding. Between 2007 and 2013, the EU allocated approximately €190 million, and between 2014