Summary
The European Parliament gives consent to a new agreement with Iceland to increase trade preferences for agricultural products, reducing tariffs and expanding duty-free access. 10 24.10.2017
Other
trade
economy
international relations
agriculture, forestry and fisheries
Key points
- The agreement aims to expand trade liberalization for agricultural products between the EU and Iceland.
- It introduces additional tariff quotas and reductions for sensitive goods, including meat, dairy, fruit, and vegetables.
- Nearly 90% of EU agricultural products will gain duty-free access to the Icelandic market.
- The EU stands to benefit from increased quotas for cheese, beef, pig meat, and poultry.
Documents (PDFs)
RECOMMENDATION on the draft Council decision on the conclusion of the Agreement in the form of an exchange of letters between the European Union and Iceland concerning additional trade preferences in agricultural products
EU-Iceland Agreement concerning additional trade preferences in agricultural products ***
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