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Economy

Iceland votes Saturday on resuming EU accession talks

Iceland holds a referendum on 29 August to decide whether to resume EU accession negotiations. A majority for the "Yes" camp would restart talks with Brussels, though the Common Fisheries Policy is expected to remain the principal obstacle.

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Iceland votes Saturday on resuming EU accession talks

Saturday's ballot

Iceland votes on 29 August on whether to resume European Union accession negotiations. The government has framed the referendum as a "now or never" choice between reopening membership talks and maintaining the status quo in the European Economic Area, Euronews Business reports.

A majority for the "Yes" camp would restart talks with Brussels. Iceland has already closed 11 of the 33 chapters that make up the accession negotiations.

The mandate

Prime Minister Kristrún Frostadóttir has said the vote is about obtaining a mandate to negotiate with Brussels.

The obstacle

The Common Fisheries Policy is expected to remain the main sticking point in any revived discussions. Officials expect fisheries to be the main obstacle if talks resume.

What follows

The result will determine whether Iceland resumes accession negotiations or keeps its current EEA arrangement.

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