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. The Faroese Løgting ratified the agreement on 2 May 2006 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
- Foreign relations of Iceland
- Representation of the Faroes, Reykjavík
- West Nordic Council
References
External links
- The draft legislation for ratifying the agreement, includes the full text of the agreement in Icelandic
- A press release from the Faroese government about the signing of the agreement (in Faroese)
- A West Nordic free trade area possible (Icelandic)
