Horizon Europe exploratory talks initiated
The Faroe Islands are firmly placed as a European country with a fisheries agreement and a free trade agreement with the European Union. When Denmark joined the EU (then EEC) the Faroe Islands chose to remain outside, mainly to maintain control over its fisheries. At present the Faroese government is assessing the possibility to widen the scope of cooperation to the so called four freedoms – the free movement of goods, services, capital and persons.
The Faroe Islands became formally associated to FP7 in 2010. Currently, formal relations in the area of scientific and technological cooperation between the EU and the Faroe Islands are based on the Agreement for Scientific and Technological Cooperation, associating the Faroe Islands to Horizon 2020 - the Framework Programme for Research and Innovation (2014-2020). The agreement associates the Faroe Islands to Horizon 2020. It was signed on 17 December 2014 and constitutes a major pillar of bilateral relations between the Faroe Islands and the EU.
Following the political agreement on the text of the Horizon Europe (HE) regulation reached by the EU co-legislators on 11 December 2020, informal exploratory talks have been initiated by the DG R&I unit responsible for the Horizon Europe associations with those third countries who have formally expressed an interest in becoming associated to the Horizon Europe Framework Programme. The first informal exploratory talk for association of the Faroe Islands to Horizon Europe was on the 5 February 2021.