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This report is an addendum to the GAIN report number E42024-0031 EU Food and Agricultural Import Regulations and Standards (FAIRS) Report, November 01, 2024.

From a geographical and regulatory viewpoint, Iceland has a unique environment for marketing U.S. food products with, or without, any biotech content and/or conducting research on biotech applications.

In March 2021, Iceland’s Minister of Fisheries and Agriculture announced his intention to allocate ISK 970 million ($7.5 million) in financial support for Icelandic sheep and cattle farmers.

In December 2020, the Government of Iceland presented its first comprehensive Food Policy.