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Canada-Iceland relations

Bilateral relations

Canada's relations with Iceland began over 1,000 years ago when Icelandic explorer Leif Eriksson landed in L'Anse aux Meadows in Newfoundland. Canada is home to the largest population of Icelandic immigrants (and their descendants) outside Iceland. Canada and Iceland enjoy solid relations founded on people-to-people links, and common values that underpin cooperation in multilateral organizations, in support of free trade, peace and security, human rights, climate and environment protection and the promotion of gender equality. Canada is represented in Iceland through our Embassy in Reykjavik. In Canada, Iceland maintains an Embassy in Ottawa, a Consulate General in Winnipeg and Honorary Consulates in Calgary, Charlottetown, Edmonton, Montréal, Halifax, Moncton, Québec, St. John’s, Winnipeg, Toronto and Vancouver.

Trade relations

Canada-Iceland bilateral trade has grown since the implementation of C-EFTA on July 1st, 2009. This goods-focused agreement reflects our shared commitment to an open, transparent and rules-based international trading system. Bilateral merchandise trade between Canada and Iceland was $202 million in 2021. Canadian exports of goods to Iceland, which amounted to roughly $88.4 million, were led by fish & seafood; aluminum; vehicles & parts; scientific instruments; and iron or steel products. In 2021, Canada imported $113.5 million worth of merchandise from Iceland, led by fish & seafood; machinery; scientific instruments; products of animal origin; and aluminum.. Sectors of opportunity include, fisheries; clean and renewable energy technologies; green transport; and Arctic research.

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