Hoyvík Agreement
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The Hoyvík Agreement is a free trade agreement between the Faroe Islands and Iceland.
History
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
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References
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