Hoyvík Agreement

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

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 (2005-08-31)
Location	Hoyvík, Faroe Islands
Condition	Approval by Løgting and Althing
Signatories	Iceland Faroe Islands
Languages	Danish English Faroese Icelandic

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

• Faroe Islands portal
• Iceland portal

• Foreign relations of Iceland
• Representation of the Faroes, Reykjavík
• West Nordic Council