Free Trade Agreement with China, first with European country.
“A Free Trade Agreement (FTA) between Iceland and China was signed 15 April 2013 in Beijing by Mr. Össur Skarphéðinsson, Minister for Foreign Affairs and External Trade of Iceland, and Mr. Gao Hucheng, Minister of Commerce of the People’s Republic of China, in the presence of the Prime Minister of Iceland and the Premier of China. The Iceland-China Free Trade Agreement is the first FTA signed between China and a European country.” ( http://www.mfa.is/foreign-policy/trade/free-trade-agreement-between-iceland-and-china/ )
