Iceland withdraws bid to join EU

Iceland withdraws bid to join EU

Iceland has withdrawn its bid to join the European Union, saying its interests are best served outside the 28-nation bloc.

EU spokeswoman Maja Kocijancic said the EU would “fully respect such a decision”, and underlined that Iceland remains an important partner.

Iceland started membership negotiations in 2010 looking to better anchor itself to Europe two years after its economy imploded amid a banking collapse.

The biggest challenges to those talks were fishing rights and agriculture. The new government froze the EU accession application when it came to power in 2013.

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