Foreign relations of Greenland consulates of Denmark, although Greenland does directly participate in some Nordic organisations that provide membership for dependent territories. Foreign relations of Greenland Being part of the Kingdom of Denmark, the foreign relations of Greenland are handled in cooperation with the Danish government and Government of Greenland. Unlike Denmark, Greenland is no longer part of the European Union. However, Greenland has remained a full member of the Council of Europe and NATO. With the Kingdom of Denmark having the responsibility for Greenland's international affairs, other countries do not have direct diplomatic representation in Greenland—their embassies or consulates in Denmark are responsible
Greenland a tight fiscal policy since the late 1980s, which has helped create surpluses in the public budget and low inflation. Since 1990, Greenland has registered a foreign-trade deficit following the closure of the last remaining lead and zinc mine that year. More recently, new sources of ruby in Greenland have been discovered, promising to bring new industry and a new export from the country. (See Gemstone industry in Greenland). Air transportation exists both within Greenland and between the island and other nations. There is also scheduled boat traffic, but the long distances lead to long travel times and low frequency.