Arctic policy of the Kingdom of Denmark Arctic policy of the Kingdom of Denmark The Arctic Policy of the Kingdom of Denmark defines Denmark's]] foreign relations and policies with other Arctic countries, and Denmark's]] Strategy for the Arctic on issues occurring within the geographic boundaries of "the Arctic" or related to the Arctic or its peoples. The Kingdom of Denmark is an Arctic nation with the importance of the Unity of the Realm with Denmark in Europe and the self-governing countries Greenland in the Arctic and the Faroe Islands in the North Atlantic. Since Denmark is a member state of the European Union, (along with Finland and
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