Cooperation Agreement between Iceland and the Faroe Islands

Rannís – The Icelandic Centre for Research – and Granskingarráðið – Research Council Faroe Islands – have signed a Memorandum of Understanding (MoU).

Both organisations are national funding and policy advising agencies and play important roles in promoting bilateral cooperation in the areas of research and innovation.

The purpose of this Memorandum of Understanding (MoU) is to outline how the parties in cooperation may realise shared objectives.

There has been an increase in the areas of cooperation which include fisheries, climate, environment, health issues, culture, tourism, and topics related to the Arctic.

The MoU seeks to identify synergies between the two countries´ research and innovation activities and create opportunities for joint funding of activities and projects that promote bilateral scientific collaboration, including mobility programs and co-hosting of workshops and seminars.

The MoU also seeks to strengthen gathering and usage of statistical data on research and innovation and to promote other scientific and organisational cooperation in European and Nordic projects.

Greenland Research Council - Nunatsinni Ilisimatusarnermik Siunnersuisoqatigiit - and Rannís signed a similar agreement in 2022 and Greenland Research Council and Research Council Faroe Islands signed an agreement in June 2023. All parties have agreed to arranging joint events. The first joint event will be at Arctic Circle in Reykjavík in October.

Please see the MoU here.