Foreign relations of Iceland Foreign relations of Iceland Iceland's closest relations are with Norway and other Nordic states, Canada and the United States. Iceland hosted the historic 1986 Reagan-Gorbachev summit in Reykjavík, which set the stage for the end of the Cold War. Iceland's principal historical international disputes involved disagreements over fishing rights. Conflict with the United Kingdom led to the so-called Cod Wars in 1952–56 because of the extension of the fishing zone from 3 to 4 nautical miles (6 to 7 km), 1958–61 because of extending the fishing zone to 12 nautical miles (22 km) in 1972–73 because of its further extension
Fishing in the North Sea the 19th century large quantities of herring were produced in Scotland. Today mainly mackerel, Atlantic cod, whiting, coalfish, European plaice, and sole are caught. In addition, common shrimp, lobster, and crab, along with a variety of shellfish are harvested. In recent decades, overfishing has left many fisheries unproductive, disturbing the marine food chain dynamics and costing jobs in the fishing industry. Herring, cod and plaice fisheries may soon face the same plight as mackerel fishing which ceased in the 1970s due to overfishing. Since the 1960s, various regulations have attempted to protect the stocks of fish such as limited fishing