Greenland–European Union relations and Territories (OCT) of the EU because of its political relations to Denmark in The unity of the Realm also known as the Kingdom of Denmark. As a result, Greenland has some integration with the EU's internal market via association agreements. It is also within the EU's common external tariff but they may charge customs in a non-discriminatory manner. Greenlandic citizens have EU citizenship. OCT nationals can be granted the right to vote for and participate in the election of the European Parliament, subject to the conditions defined by the related member states in compliance with Community law. Up to
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