Hoyvík Agreement
| Agreement between the Government of Iceland, of the one part, and the Government of Denmark and the Home Government of the Faroe Islands, of the other part | |
|---|---|
| Type | Bilateral trade |
| Signed | 31 August 2005 |
| Location | Hoyvík, Faroe Islands |
| Condition | Approval by Løgting and Althing |
| Signatories | |
| Languages | |
The Hoyvík Agreement is a free trade agreement between the Faroe Islands and Iceland.
History
[edit]The agreement was signed 31 August 2005 in the town of Hoyvík in the Faroe Islands.[1] The Faroese Løgting ratified the agreement on 2 May 2006[1] and the Icelandic Alþingi did the same on 3 June.
On 21 August 2006, a statement was made by the annual general meeting of the West Nordic Council that the possibility of extending the agreement to include Greenland (thus creating a West Nordic free trade zone) should be seriously studied. It was noted at Løgting that the agreement could be extended to Norway and Canada in the future.
See also
[edit]
References
[edit]- ^ a b "Hoyvík Agreement". Government of the Faroe Islands. Retrieved 8 December 2018.