GREENLAND EU: fishery agreement with the EU. The government of Greenland (Danish autonomous territory) approved to half-term the revision of its fishery agreement with the European Union (EU) announced the local radio station. The fourth protocol on fishery signed between the European Committee and the Greenland was applied on the 1st January 2001 and will fall due in December 2006. On terms of the revised agreement, the EU assures the Greenland of an annual income of 300 millions Krone (40,4 million euros) in exchange for granting quotas to fishermen of the member States in the territorial waters. The government permission was obtained after the difficult negotiations between parties of the coalition, Siumut (social democrat) and Atassut (liberal), and the fishery organizations, dissatisfied of the increase in quotas attributed to fishermen of the EU. The local government succeeded ultimately in achieving a compromise while assuring, to the local fishermen, among others, a minimum price for the shrimp that constitute the natural most important resource of the island. The Greenland, with 55.000 inhabitants, is a territory of North Atlantic which took advantage of an autonomous internal statute since 1979. It retreated from the European Economic Community (current EU) on the 1st January 1985, after a referendum, for fear that its principal resource might be pillaged by the countries of the EU. Since then, the Greenland signed agreements with the EU, authorizing fishermen of the member States to fish in its waters in exchange for financial compensations and an exempt from tax for its fishery products in the European market.