Iceland Pushes to Become Arctic Hub After Scrapping EU Accession

Iceland wants to turn itself into a hub for business in the Arctic and strike more trade accords on its own after scrapping talks to join the European Union, its foreign minister said.

“The focus of Iceland’s foreign policy is on the Arctic,” Gunnar Bragi Sveinsson said in an Oct. 25 interview in Reykjavik. The island will work for deeper cooperation within the Arctic Council and seek to provide a base in the region to help support trade with China, Singapore and South Korea, among others, he said. Continue reading