Iceland in the Cold War Iceland, as the United Kingdom conceded to a Icelandic exclusive fishery zone following threats that Iceland would leave NATO. As a result, British fishing communities lost access to rich areas and were devastated, with thousands of jobs lost. The term "cod war" was coined by a British journalist in early September 1958. None of the Cod Wars meets any of the common thresholds for a conventional war, though, and they may more accurately be described as militarized interstate disputes. There is only one confirmed death during the Cod Wars: an Icelandic engineer killed in the Second Cod War. Iceland hosted
Cod fishing in Newfoundland that the fisheries were returning to their original abundance, just more slowly than had been anticipated. The "Comprehensive Economic and Trade Agreement" (CETA) between Canada and the European Union is a Free Trade Agreement which is still under negotiation as of May 2015. The provincial government has argued that the Federal government of Canada in Ottawa reneged on a deal to pay $280 million in exchange for its relinquishment of minimum processing requirements as part of CETA. Those rules helped protect jobs in fish plants, especially in rural areas hit hard by the cod moratorium since 1992. Cod fishing in