UK and Iceland sign post-Brexit declaration of intent

15.05.2020 - 12:33
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 Mynd: Stjórnarráðið
Negotiations for an Iceland-UK free trade agreement should start soon and the deal should come into effect before the end of this year, foreign minister Guðlaugur Þór Þórðarson and British minister for European and American affairs Wendy Morton agreed in a video meeting yesterday.

During their online meeting, the two ministers signed a declaration of intent between Iceland and the United Kingdom aimed at boosting cooperation between the countries through joint initiatives. 

Guðlaugur Þór celebrated the fact that both countries’ head negotiators met last week to discuss future relations. Informal work has been underway to prepare a reliable bilateral agreement on relations between Iceland and the UK ever since ‘Leave’ won the UK’s Brexit vote in 2016. 

A statement from the Icelandic government highlights that the two countries are currently comemorating 80 years of diplomatic relations. The declaration of intent signed yesterday is called Vision 2030 and its stated goal is to increase prosperity, sustainability and security, both within the two neighbouring countries and outside. 

The agreement’s agendas can be split into seven areas: 

  • Trade and investment 
  • Fisheries 
  • Research and innovation 
  • Regional and international cooperation 
  • Defence and security 
  • Climate change and the Arctic 
  • Ties between the countries
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 Mynd: Stjórnarráðið