Faroe/Iceland free trade deal renewed

Faroe/Iceland free trade deal renewed
Parliament has voted to cancel the termination of the free trade agreement between Iceland and the Faroes
 
29.12.2019 - 08:08

Foreign minister Jenis av Rana called on Parliament to cancel the termination of the free trade deal with Iceland shortly before Christmas after discussions with Icelandic authorities.

Faroese authorities terminated the so-called Hoyvíkssáttmálin (the Hoyvík Agreement) on New Year’s Eve 2018 as part of the fishery industry reform. It was decided at the time that the agreement, which dates back to 2005, would remain in force for one more year, after which it would be scrapped.

At Friday’s vote, MPs voted 16 in favour and 13 against cancelling the termination.

 >> SEE ALSO Faroe/Iceland free trade deal set to continue

The opposition submitted two amendment proposals ahead of the vote: the first sought to amend section 6 in the agreement to the effect that both parties could determine their own procedures regarding foreign ownership in the fishery industry.

The second amendment proposal aimed at removing the legal status of the agreement. Both proposals were voted down.

MPs will meet again tomorrow for the mandatory third reading of the 2020 budget.

 

Translated by prosa.fo

Er kopiera
Nýggjastu sendingar í ÚV
Leygardag 29. mars
Morgunlestur leygardagur 29.mars 2025
189736
Fríggjadag 28. mars
Alison Krauss sending
189950
Fríggjadag 28. mars
Alison Krauss um Arcadia
189859
Fríggjadag 28. mars
Vikuskiftið 28 mars 2025
189968
Nýggjastu sendingar í SV
Leygardag 29. mars
Dagur og vika - teknmálstulkað
189985
Fríggjadag 28. mars
KAKUMiKS (1:7)
189948
Fríggjadag 28. mars
Veðrið
189965
Fríggjadag 28. mars
Brotið - teknmálstulkað
189963
Fríggjadag 28. mars
Dagur og vika - teknmálstulkað
189947