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Iceland's main export is fish. (Photo: European Commission)

Iceland signs first European free trade pact with China

Iceland on Monday (15 April) became the first European country to sign a free trade agreement with China after six years of negotiations.

A joint-statement notes the two sides want “to enhance their exchange and practical co-operation on the Arctic” and “further deepen their mutually beneficial co-operation in the fields of trade and investment.”

The agreement will remove tariffs on most goods.

Experts say China is interested in gaining a foothold in the northern territory ...

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