February 18, 2019

Is A U.S.-Iceland Trade Deal In The Future?

According to Reuters, the United States and Iceland will establish annual consultations involving both the public and private sectors in order to boost trade and investment between the two countries.

In a press conference, U.S. Secretary of State Mike Pompeo said, “We have now established an economic dialogue between our two nations which I think will bear fruit quickly.” When asked what form an agreement would take – a free trade agreement or something less formal – Secretary Pompeo said he wasn’t certain, however.

Icelandic Foreign Minister Gudlaugur Thor Thordarson said, “We are very excited to take this important step … and we should try and do it as quickly as possible.”