U.S., Iceland strengthen trade, investment
The United States and Iceland entered a trade and investment cooperation forum agreement, which will provide a forum to expand and strengthen bilateral trade and investment relations between the countries.
“We will use the forum to pursue initiatives in specific areas, with a view to concluding agreements or other arrangements that offer real opportunities for workers, farmers, service providers, manufacturers and consumers in our two countries,” said Chris Wilson, assistant U.S. trade representative for Europe and the Middle East, in a Jan. 15 statement.
According to the Office of the U.S. Trade Representative, two-way goods trade between the United States and Iceland was $835 million in 2007. U.S. goods to Iceland that year totaled $630 million, including aircraft, inorganic chemicals, vehicles and machinery. U.S. exports of agricultural products to Iceland totaled $19 million.