Business / Trade in Iceland
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ICELAND, 2014/05/28
Iceland and Norway have signed up to join the EU’s Horizon 2020 research and innovation program.
In doing so, the Scandinavian nations have become the initial nations outside the EU to associate with the seven-year initiative. The decision, which was made at a European Economic Sector(EEA) Joint Committee conference, allows companies and researchers from Iceland and Norway to participate in the same way their EU counterparts do, said the EU in a statement.
In return, the two northern nations will inject funds into Horizon 2020, which was launched at the beginning of the year with a budget of almost 80bn euros over seven years starting this year and finishing 2020.
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CHINA, 2013/04/16
China and Iceland inked a Free Trade Agreement (FTA) here on Monday next Chinese Premier Li Keqiang held talks with his Icelandic counterpart Johanna Sigurdardottir. "The China-Iceland FTA is the prime one between China and a European country," Li said during the talks.
Li and Sigurdardottir witnessed the signing of the free trade transaction next their talks at the Great Hall of the People in downtown Beijing.
