Greenland the European Common Market in 1972, Denmark began to seek a different status for Greenland, resulting in the Home Rule Act of 1979. This gave Greenland limited autonomy with its own legislature taking control of some internal policies, while the Parliament of Denmark maintained full control of external policies, security, and natural resources. The law came into effect on 1 May 1979. The Queen of Denmark, Margrethe II, remains Greenland's Head of state. In 1985, Greenland left the European Economic Community (EEC) upon achieving self-rule, as it did not agree with the EEC's commercial fishing regulations and an EEC ban
Fishing industry in Greenland based on a referendum, in 1985 this was replaced with five year agreements with the EU. Although in the 1970s and early 1980s the halibut industry in Greenland was low scale, it has since dramatically increased since the 1980s and in the future may develop into a purely commercial venture for many native people in the country. Although the industry grew dramatically in the 1990s, by 2000 depletion of stocks resulted in falling revenues and the closure of many fishing plants. This problem continued into 2002. In 2000, Greenland renewed its agreement with the European Union in which along with