alt Hacker News> The No campaign fears losing control over Iceland's prized fishing grounds under the EU's Common Fisheries Policy and has vowed never to share the country's waters with anyone. Brussels has indicated Iceland could earn some kind of exemption, but it is considered potentially the biggest obstacle to any agreement.
As noted in the article, Iceland's fishing industry makes up something like 40% of their exports. Which is the only way a tiny island nation can afford essential imports. On top of that, Icelandic fishing is apparently carefully regulated to prevent overfishing, with the result that it is supposedly one of the few truly profitable fisheries in the world.
So maintaining control over their own fisheries may be a survival-level issue for Iceland.
On the other hand, they have a tiny population, no ability to defend themselves, and membership in the fraying NATO military alliance. So I can see why they're debating this issue. Aligning themselves more tightly with Europe doesn't fix their problems, but I can also see not wanting to go it alone.
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> "Iceland's fishing industry makes up something like 40% of their export."
That number includes everything involving the fishing industry, such as equipment manufacturing. The size of the actual fishing and value-addative processing is often reported to be closer to 12-15% as a share of GDP.
I say this as an Icelander who voted yes in this vote, but would vote no next time if any deal would lead to us loosing control of our fisheries or having worse management policies pushed on us.
edit: spelling
Those not familiar with it might find the history of the Cod Wars interesting (and very relevant to this discussion): https://en.wikipedia.org/wiki/Cod_Wars
(literally, Iceland having several decades of slightly-military-involved conflict with the UK about fishing near Iceland. Iceland won.)
Why do you say NATO is fraying? Because of Russia, NATO has increased its membership, increased military budgets, and increased European military cooperation. It probably has never been stronger.
I think the EU should make an exception, which also could draw Norway closer.
The thing is, perhaps they'd be more successful in exporting other things if they were part of the EU.
This was not argued well during Brexit (what was?) but it was an issue there. As much as Brexit didn’t fix anything for anyone, I do believe the EU operates far too much in the interests of fishing boats and far too little in the interest of conservation and realistic fishery management.
So I think Iceland is right to be wary.
Why would we (as an EU member) want Iceland to compromise on such a vital issue, though? I understand that it's simpler to have common regulations among all members, but when theirs works, why mess with it? It sounds unreasonable.
It's an existential threat not just to Icelandic economy but probably to the entire Atlantic ecosystem as a whole.
Despite what you might see a lot in the media lately the EU is not a military alliance and has explicitly no involvement in the military. So joining the EU is irrelevant on these issues.
The article mentions that sovereignty is a big issue. It should be because joining the EU means giving that up so that, I think, is the really crucial issue they should be thinking long and hard about (including, indeed, with respect to fisheries).
> and membership in the fraying NATO military alliance
That framing is.. strange.
One member of NATO has lost the plot. For everyone else, it’s stronger than ever.
If the US tries to attack a NATO member they’re going to find out just how serious the alliance is.
For example, Maersk shipping line in Danish, and carries 15% of the world’s shipping containers. If the US were to invade Greenland it would be illegal for Maersk to keep doing business with them. It’s unlikely NATO members will fight the US with bullets and bombs, but I guarantee they can still seriously hurt them. All NATO members selling all their US treasury bonds instantly would also be devastating.
They have been doing fine for more than a thousands years, no need for fear mongering.
the article:
>its fishing and marine industries make up almost 40% of exports.
you:
>Iceland's fishing industry makes up something like 40% of their exports
here we can see how a very small... re-framing (let's be charitable to op) completely changes the argument and subtly promotes a certain... viewpoint (again, let's be charitable and not call it an agenda)
One of the factors leading them to reconsider EU membership is monetary policy. The Icelandic króna is a very small currency that fluctuates considerably. Switching to the euro would protect them from exchange rate risks with their main trading partner.
One solution for Iceland would be to join the eurozone without becoming a member of the EU, as Kosovo and Montenegro have done. However, this would only be desirable if there really is a deadlock over fishing rights.