Life In Greenland

As part of the realm of the Kingdom of Denmark, Greenlanders elect two representatives who sit in the Parliament of Denmark.
In 1985, Greenland left the European Community (EC), unlike Denmark, which remains a member. The EC later became the EU (European Union) when it was renamed and expanded in scope in 1992. Greenland retains some ties with the EU via Denmark. However, EU law largely does not apply to Greenland except in the area of trade.
About half of public spending on Greenland is funded by block grants from Denmark which in 2007 totaled over 3.2 billion kr. Additional proceeds from the sale of fishing licenses and the annual compensation from the EU represents 280 million DKK per year. Greenland's economy is based on a narrow professional basis with the fishing industry as the dominant sector with some 90% of its exports. In a few years, quarrying and tourism could complement the fisheries that depend on the changing prices of fish and fishing opportunities. The long-range divides the domestic market into many small units that have high operating costs. Most of the fish factories are owned by Royal Greenland.