Iceland China trade agreement flagLast week, the Icelandic Parliament passed a Free Trade Agreement (FTA) with China. The Icelandic Althing consisted of 61 members from whom 56 voted in favour of the Agreement, 2 against and 3 members abstained.

According to the Icelandic Minister for Foreign Affairs, Gunnar Bragi Sveinsson, the FTA will positively strengthen the relationship between two countries.

The newly passed agreement will help to find solutions to shared interests, create new business opportunities in such areas as trade of goods and services, investment competition, intellectual property and many more.

Newly passed Agreement will help Iceland to become an active part in booming economy for years to come.

A Free Trade Agreement (FTA) between Iceland and China was signed 15 April 2013 in Beijing by Mr. Össur Skarphéðinsson, Minister for Foreign Affairs and External Trade of Iceland, and Mr. Gao Hucheng, Minister of Commerce of the People's Republic of China, in the presence of the Prime Minister of Iceland and the Premier of China. The Iceland-China Free Trade Agreement is the first FTA signed between China and a European country.

Click here to download the Free Trade Agreement between China and Iceland.