The Faroe Islands and Denmark
The Faroe Islands are part of the Kingdom of Denmark. The Faroe Islands can legislate on various issues, however, foreign and security interests are the responsibility of the Danish government.
The Faroe Islands are an autonomous, self-governing nation within the Kingdom of Denmark. The Faroe Island’s political system is a type of parliamentarian democracy. It has its own elected democratically elected legislative assembly, called the Løgting and an executive government. The court system is under the jurisdiction of the High courts of Denmark. The Løgting includes 33 elected members who serve for four years and are elected by popular vote as a single constituency. Two representatives from the Faroe Islands are elected every four years into the Danish Parliament.
Although part of the Kingdom of Denmark, the Faroe Islands have legislative power and are able to govern independently in areas such as the conservation and management of living marine resources within the 200-mile fisheries zone, protection of the environment, sub-surface resources, trade, fiscal and industrial relations, energy, transport, communications, social security, culture, and education and research.
Unlike Denmark, the Faroe Islands are not a member of the European Union, having chosen to opt-out. As a result, the Faroe Islands are in control of their fishing agreements and trade.
The economy in the Faroe Islands has modernized in the past century, and as a result, the economy has moved from an agricultural society to a more modern and developed economy. Since the 1920s, fishing has been the largest source of income for the Farose economy.
To safeguard the foreign policy interests of all parts of the Kingdom, a close and continuous cooperation exists between the Danish government and the Farose and Greenlandic home rule governments.