Greenland–European Union relations geostrategic importance of Greenland for the EU. The Brexit debate has reignited talk about the EU in Greenland, and there have been calls for the island to rejoin the Union. Greenland–European Union relations Greenland, an autonomous constituent country of the Kingdom of Denmark (which also includes the countries of Denmark and Faroe Islands) is one of the EU countries’ overseas countries and territories (OCT). Greenland receives funding from the EU for sustainable development and has signed agreements increasing cooperation with the EU. Greenland joined the then European Community in 1973 as a county along with Denmark, but after gaining autonomy
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