00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A new U.S. security deal over Greenland could ease geopolitical tensions and help attract
00:08more American investment to the resource-rich Arctic island, according to The Wall Street
00:12Journal.
00:13The agreement, announced by President Trump on Friday and expected to be signed this
00:17week, would build on an existing treaty allowing U.S. troops and bases in Greenland, but would
00:22stop short of giving Trump territorial control.
00:25Greenlandic business leaders say greater stability could encourage investment in tourism
00:29and infrastructure.
00:31Greenland's economy relies heavily on fishing and more than $1 billion in annual subsidies
00:36from Copenhagen and the European Union.
00:39Harsh Arctic conditions, ownership restrictions, and environmental regulations remain obstacles
00:44to major mining and oil investments.
00:46For all things money, visit Benzinga.com.
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