Request for establishing a panel in the dispute between the Faroe Islands and the European Union
Today, the Mission of Denmark to Geneva filed a request to establish a WTO panel in a dispute which opposes the Faroe Islands and the EU.
The request for the establishment of a WTO panel with regard to EU´s use of coercive economic measures in relation to the Atlanto-Scandian herring will be dealt with at the forthcoming meeting of the Dispute Settlement Body on 20 January 2014.
Prime Minister, Kaj Leo Holm Johannesen, states:
“Faroe Islands is heavily dependent on trade facilities, especially in relation to its exports of fish products which constitute more than 95% of its total exports.This step is therefore of major importance for the Faroe Islands, and a crucial step in order to ensure that the EU coercive economic measure, whose purpose is exclusively to safeguard the interests of its domestic industry, will be withdrawn and revoked”.