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Trump did not provide a reason for the decision, which comes after Canada's PM Mark Carney warned of a "rupture" in the US-led global order.
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European stocks finished higher on Thursday after U.S. President Donald Trump said a "framework" agreement had been reached over Greenland.
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Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — "Trump Always Chickens Out" — trade.
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The deputy PM says the US President rowed back on threats after UK stood up for Denmark's sovereignty.
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The president appeared to be lashing out in response to stark, high-profile remarks by Prime Minister Mark Carney of Canada that rejected Mr. Trump's efforts to dismantle the international order.
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The signing ceremony marked the most concrete step yet in Trump's effort to establish the board, whose final composition has yet to be confirmed.
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Denmark and Greenland have made it clear they will not relinquish sovereignty of the world's largest island.
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Asia-Pacific markets were set to climb, tracking Wall Street gains as geopolitical concerns eased and investors looked ahead to the Bank of Japan's decision.
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In his remarks, the former special counsel repeatedly denied that he had acted out of partisan animus and bemoaned the Trump administration's efforts to go after the president's perceived enemies.
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Trump on Wednesday said he and NATO Secretary-General Mark Rutte have "formed the framework of a future deal with respect to Greenland," but did not offer further details on the deal.
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The Canadian prime minister spoke after returning from the World Economic Forum where he urged middle powers to team up in resisting President Trump.
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