They are practically ready to join the European Union tomorrow, but they have one strict condition.
Iceland is close to joining the EU, but it demands strict conditions for membership, especially the preservation of sovereignty in the fishing industry. A referendum on restarting accession negotiations will be held on August 29, and it is expected to be approved by a majority of voters. The European Commission is open to individual agreements, but it considers full exemption to be highly unusual, as Iceland’s economic situation is improving, giving it a stronger negotiating position.
Iceland is moving closer to joining the EU, but it would set strict conditions for accession: the island nation would retain full sovereignty over the fishing industry. A referendum on restarting accession negotiations is scheduled for August 29th, and according to a recent survey, a narrow majority of voters support it. The European Commission has expressed openness to a unique agreement, but full immunity would be considered extremely unusual by EU officials, while Iceland’s strategic reassessment and strengthened economy provide Reykjavík with a better negotiating position.
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