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International Investment Agreements

 

Regional Agreements

European Economic Area

Iceland is a member of the European Economic Area (EEA). The EEA Agreement of 1992, which entered into force on 1 January 1994, covers the free movement of capital and investments. The Contracting Parties comprise the 27 EU Member States and three EFTA States Iceland, Liechtenstein and Norway.

EFTA Free Trade Agreements

Iceland is a member of the European Free Trade Association (EFTA) and as such is party to numerous mulitlateral Free Trade Agreements which contain stipulations on investments. The Contracting Parties include:

Europe

Albania, Bosnia-Herzegovina, Georgia, Montenegro, Serbia and Ukraine. Pending: Turkey

Africa - Middle East

Member States of the Co-operation Council for the Arab States of the Gulf (GCC), which comprises the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar and Kuwait

Americas

Chile, Colombia, Costa Rica, Guatemala, Mexico, Panama and Peru. Pending: Ecuador

Asia - Pacific

Hong Kong, Philippines, Singapore and South-Korea. Pending: Indonesia

International Agreements

Iceland is a party to the following investment related international agreements (selection):

  • Multilateral Investment Guarantee Agency (MIGA)
  • International Centre for Settlement of Investment Disputes (ICSID)
  • UNCITRAL Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958 - the "New York Convention").
  • World Trade Organisation (WTO) Agreement on Trade-Related Investment Measures (TRIMs) of 1994.
  • Energy Charter Treaty of 1994

For databases on International Investment Agreements (IIAs), see the ICSID and UNCTAD websites.

Bilateral and Other Agreements

The following country list shows agreements (including texts) containing investment commitments with individual countries. The regional agreements above are not included (except Singapore which has ISDS stipulations). Some of the bilateral and mulitilateral agreements below are EFTA related.

 

Disclaimer 
The publication of laws and international agreements on the Ministry for Foreign Affair's website is for information only and does not replace their publication in the Official Gazette of Iceland, as required by Article 4 of the Official Gazette and Legal Notices Act No. 15/2005. In case of discrepancies between texts published on this website and ones in the Official Gazette, the latter shall prevail.

Status: In force
Type: Bilateral, EFTA related
Title: AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF ICELAND AND THE GOVERNMENT OF THE REPUBLIC OF CHILE FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
Language(s): English, Icelandic translation
Date of signature: 26/6/2003
Date of entry into force: 29/3/2006
Date of publication: 4/4/2006
Text

Status: In force
Type: Bilateral
Title: AGREEMENT between the Government of the Republic of Iceland and the Government of the People’s Republic of China concerning the Promotion and Reciprocal Protection of Investments
Language(s): English, Icelandic, Chinese
Date of signature: 31/3/1994
Date of entry into force: 1/3/1997
Date of publication: 26/2/1997
Text

Status: In force
Type: Bilateral, EFTA related
Title: AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF ICELAND AND THE GOVERNMENT OF THE ARAB REPUBLIC OF EGYPT FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
Language(s): English, Icelandic, Arabic
Date of signature: 8/1/2008
Date of entry into force: 15/06/2009
Date of publication: Not yet published
Text

Status: In force
Type: Bilateral, Free Trade Agreement
Title: AGREEMENT between the Government of Iceland, of the one part, and the Government of Denmark and the Home Government of the Faroe Islands, of the other part
Language(s): English, Icelandic
Date of signature: 31/8/2005
Date of entry into force: 1/11/2006
Date of publication: 3/11/2006
Text

Status: Terminated
Type: Bilateral
Title: AGREEMENT between the Government of the Republic of Iceland and the Government of the Republic of India for the Promotion and Protection of Investments
Language(s): English, Icelandic, Hindi
Date of signature: 29/7/2007
Date of entry into force: 16/12/2008
Date of termination:
Date of publication: 17/12/2008
Text

Status: In force
Type: Bilateral
Title: AGREEMENT between the Government of the Republic of Iceland and the Government of the Republic of Latvia on the Mutual Promotion and Protection of Investments
Language(s): English, Icelandic translation
Date of signature: 11/6/1998
Date of entry into force: 1/5/1999
Date of publication: 8/6/1999
Text

Status: In force
Type: Bilateral, EFTA related
Title: AGREEMENT BETWEEN THE LEBANESE REPUBLIC AND THE REPUBLIC OF ICELAND ON THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
Language(s): English
Date of signature: 24/6/2004
Date of entry into force: 24/11/2005
Date of publication: Not yet published
Text

Status: In force
Type: Bilateral
Title: AGREEMENT between the Republic of Iceland and the Republic of Lithuania for the Promotion and Reciprocal Protection of Investments
Language(s): English, Icelandic, Lithuanian
Date of signature: 20/8/2002
Date of entry into force: 18/4/2003
Date of publication: 22/4/2003
Text

Status: In force
Type: Bilateral
Title: AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF ICELAND AND THE GOVERNMENT OF THE UNITED MEXICAN STATES ON THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS
Language(s): English, Icelandic, Spanish
Date of signature: 24/6/2005
Date of entry into force: 28/4/2006
Date of publication: 4/5/2006
Text

Status: In force
Type: Multilateral (EFTA Agreement)
Title: AGREEMENT BETWEEN THE EFTA STATES AND SINGAPORE
Language(s): English
Date of signature: 26/6/2002
Date of entry into force: 1/1/2003
Date of publication: 31/12/2002 (text available at MFA)
Text

Status: In force
Type: Multilateral, EFTA-related
Title: AGREEMENT on Investment between the Republic of Korea and the Republic of Iceland, the Principality of Liechtenstein and the Swiss Confederation
Language(s): English, Icelandic translation
Date of signature: 15/12/2005
Date of entry into force: 1/11/2006
Date of publication: 8/11/2006
Text

Status: Not yet in force
Type: Bilateral
Title: Agreement between the Republic of Iceland and the Government of the Republic of Uganda for the Promotion and Reciprocal Protection of Investments
Language(s): English, Icelandic
Date of signature: 17/9/2008 (initialled)
Date of entry into force: Not yet in force
Date of publication: Not yet published
Text

Status: In force
Type: Bilateral
Title: AGREEMENT between the Government of the Republic of Iceland and the Government of the Socialist Republic of Vietnam for the Promotion and Protection of Investments
Language(s): English, Icelandic, Vietnamese
Date of signature: 20/9/2002
Date of entry into force: 10/7/2003
Date of publication: 23/7/2003
Text

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