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 industry in Denmark Stocks of eel has declined since 1970. Method of fishing in this type of fishing practice involves use of stationary or dredging gear, gillnets and pound nets, traps and hooks while for catching mussels special dredgers are adopted. In demersal fishery, the species fishes caught are white fish (cod, hake, haddock, whiting, saithe), flatfish (sole, plaice, flounder and so forth), lobster and deep water prawns. One feature which needs consolidation is the uniting of small fishing operators of Denmark into one viable major sector, as at present the Norwegians have held this position. As the Danish industrial and cod fisheries