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Talks on a new Free Trade Agreement with the Arctic country formally kick-off today with slashing seafood tariffs top of the menu.
Trade between the two countries was worth £10 million in 2020 with an additional £49 million of coldwater shrimp also shipped here from Greenland.
The new deal will provide a platform to deepen cooperation on ensuring regional stability in the Arctic as well as collaboration on UK priorities including science, technology, climate change and development.
Talks were launched at a meeting in Copenhagen between British Embassy Copenhagen’s Head of Political, Katherine Dark and the Prime Minister of Greenland Múte Bourup Egede.
International Trade Secretary Anne-Marie Trevelyan said: “A deal with Greenland will be a boost for our fish and seafood processing sector – a key industry for Yorkshire and Scotland.
“Greenland also has a vital geo-strategic location in the Arctic, and as such, I look forward to bringing our two countries closer together.”
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“The trade agreements we have agreed so far with 70 countries will help us level up every part of the UK.”
Greenland – the world’s largest island – is a major exporter of seafood to the UK.
Cutting tariffs of up to 20 per cent on Greenlandic specialities like prawns and cod fillets would benefit UK supermarkets and catering and hospitality businesses and ultimately consumers, by making room for a reduction in wholesale prices.
The Department for Environment, Food and Rural Affairs (Defra) plans to begin negotiations in parallel to gain fishing opportunities in Greenland’s waters, which could bring significant benefits to the UK’s fishing industry.
Martyn Boyers, CEO of Grimsby Fish Market, said: “The launch of FTA negotiations with Greenland is positive news for Grimsby as much of their product, particularly frozen prawns and white fish, are brought here for packing by local seafood businesses.
“An agreement would take away any uncertainty of the continuity of supply, benefitting the local processors who repack product from Greenland. The knock-on effect substantiates continued local jobs and employment as well as benefiting local hauliers who provide onward distribution into caterers, restaurants and food service.”
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