Iceland - Market ChallengesIceland - Market Challenges
The main barriers to trade and market entries are:
• Increasing adoption of EU product standards and regulations, such as food product labeling.
• High tariffs on most agricultural products from outside the EU.
• Restrictions on import of some products, such as raw meat, due to phyto-sanitary regulations.
• Difficulty in obtaining financing for joint ventures.
Capital controls that had been in affect since the economic collapse in 2008 were lifted on March 14, 2017, but some prudential protections against foreign exchange instability remain.