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 Falkland Islands its scientific strength and environmentally enduring. As of 2014, the Falkland Islands do not have a national fishing license; however, there are daily catch limits per person per day: on the Murrell River, the daily limit is three trout, while everywhere else, it is six trout. Squid fishing has accounted for about 75% of the total yield of 200,000 tonnes, which is exported to Europe and the Far East. The other 25% includes finfish species such as Rock Cod, Hake, Hoki and Toothfish. Brown trout fishing is common, and fish caught can be particularly sizable; the record for the largest