First meeting between Iceland and China on opening free trade between the countries went well earlier this month. Next meeting will be held this summer.
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Iceland is now planning to test another natural resource - its basalt rocks - to see if they can be used to safely bury carbon dioxide gas emissions before they harm the atmosphere.
Prime Minister Halldór Ásgrímsson told news station NFS that he was not very optimistic on the future of US - Iceland defense talks after receiving a reply to a letter he sent President George W.Bush earlier this month.
Iceland's currency and stock markets steadied yesterday, a lull in a financial storm that has been battering an island that only recently emerged as an international investment destination.
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Underachieve in Your Development
Underachieve in Your Development