US-Denmark Greenland Deal Sets Limits on Foreign Investments

Denmark and the United States signed a new security deal for Greenland. The agreement turns past informal checks on Chinese investments into binding rules. It directly limits non-NATO foreign presence in Greenland's infrastructure and mining sectors.

However, sovereignty over Greenland remains entirely with the Kingdom of Denmark. Greenlandic self-determination and its potential path to independence are also preserved. Under the rules, foreign investors outside NATO cannot easily gain controlling stakes. This applies to all critical assets, sensitive info, and resource extraction projects.

In 2016, Denmark blocked a Chinese attempt to buy a military base. In 2018, Denmark funded local airports to prevent Chinese involvement in tenders. The new agreement formally codifies these case-by-case decisions into fixed security policy.

The deal also expands American military rights across Greenland and surrounding waters. US submarines can now move submerged through Greenland's territorial waters. The US can also expand facilities at Pituffik Space Base. This agreement reshapes security rules and economic limits across the Arctic region.