Iceland is not a member-state in the EU but they have close economic and political ties. They are a part of the European Economic Area (EEA) and the European Fr

Iceland is not a member-state in the EU but they have close economic and political ties. They are a part of the European Economic Area (EEA) and the European Free Trade Association (EFTA). They once applied for membership after the financial crisis but it didn't go through; currently most citizens are opposed to the idea. Becoming a full EU member would require them to accept the EU's fishing limitations, potentially hurting their economy. There are also other factors involved: https://en.wikipedia.org/wiki/Iceland%E2%80%93European_Union_relations#Explanations_for_Iceland's_non-membership_of_the_European_Union https://en.wikipedia.org/wiki/Iceland%E2%80%93European_Union...