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Iceland

EDC Position-open all programs

EDC's Position

  • Responsive approach to business
  • Open under all programs, subject to regular approval criteria

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Weekdays from 9 am to 5 pm EST

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Country At A Glance

Flag of Iceland
Map of Iceland

Country Facts

Nominal GDP13.66 Billion USD
Population0.32 Million
Total Trade/GDP112.06%
CurrencyIceland Krona (ISK)
Merchandise Imports from Canada49.94 Million CAD
Canadian direct investment168 Million CAD
Main importsIndustrial Supplies, Capital Goods, Transportation Equipment, Consumer Goods

EDC in Iceland

Canadian companies assisted36
International buyers insured49
Business volume8.94 Million CAD

Business Environment

Canada and Iceland have an established trade and investment relationship despite Iceland’s continued recovery from the global financial crisis in 2008-2009. While heavily dependent on the fishing industry, Iceland is diversifying its economy. With the 2009 free trade agreement between Canada and European Free Trade Association (EFTA) countries, Canada’s trade with Iceland continues to grow. While energy has been the major focus of Canadian investment in Iceland, we see business and investment potential across a range of sectors.

Key Industries

  • Clothing & Textiles
  • Machinery - Packaging, Industrial & Analytical Instruments
  • Oil and Gas

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Iceland. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

Related Information

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