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Iceland Is First in Europe to Sign Free Trade Pact With China

Iceland became the first European country to sign a free trade agreement with China in a bid to sell its expertise in geothermal energy to the $7.3 trillion Asian economy.

Iceland’s Foreign Minister Ossur Skarphedinsson signed the deal with Commerce Minister Gao Hucheng in Beijing yesterday, bringing to a close six years of talks, according to Iceland’s Foreign Ministry. Prime Minister Johanna Sigurdardottir started a three-day visit to China yesterday, meeting her Chinese counterpart Premier Li Keqiang and President Xi Jinping.