On January 22, the sixth round negotiation on China-Iceland Free Trade Agreement was held in Beijing. The negotiation will last for three days. Based on the fifth session of negotiation, the two sides will make consultations over goods trade, services trade, investment, and other remaining issues.

Since the establishment of diplomatic relationship in 1971, China-Iceland bilateral relations have been developing sound, and trade and economic cooperation progressing smoothly. In 2012, China-Iceland bilateral trade value reached US$ 0.18 billion, up by 21.1% year on year. Among that, China’s export to Iceland was US$ 953.9 billion, up by 24.6%, and China’s import from Iceland was US$ 889.6 billion, up by 17.7%.