Image

Trump weighs proposing a particular standing compact for Greenland

Polls have shown that Greenlanders are dead-against joining the USA but the Trump administration is looking to find another way to pull the island closer, according to a Reuters report.

While the precise details of COFA agreements – which have only ever been
extended to the small island nations of Micronesia, the Marshall
Islands and Palau – vary depending on the signatory, the U.S. government
typically provides many essential services, from mail delivery to
emergency management to military protection. In exchange, the U.S.
military operates freely in COFA countries and trade with the U.S. is
largely duty-free.

The report said Greenland would need to separate from Denmark for the plan to succeed.

This article was written by Adam Button at www.forexlive.com.

SHARE THIS POST