Today, Congresswoman Chellie Pingree (D-Maine) and Congressman Greg Murphy (R-N.C.) reintroduced the Iceland Commercial and Economic Leadership for Arctic and National Development (ICELAND) Act. This bipartisan legislation would add Iceland to the list of nations eligible for investment and trade in the U.S—provided that U.S. nationals are treated similarly by the government of Iceland.
The bill would also make Icelanders eligible for E-1 and E-2 nonimmigrant work visas, which are reserved for nationals of countries with which the U.S. has a treaty of commerce, a qualifying international agreement, or has granted eligibility by statute. Iceland is currently one of the few European countries excluded from these visas.
“Iceland has long been an important trade partner of the United States—and especially for Maine, where our longstanding shipping and seafood trade with Iceland has fostered deep economic and cultural ties,” said Pingree. “My bipartisan ICELAND Act would strengthen that partnership for generations to come, creating greater economic opportunities for both countries at a time when the global economic order is rapidly shifting. By extending E-1 and E-2 visa eligibility to Icelanders, we’re not only honoring our shared commitments; we’re also investing in the kind of bilateral cooperation that fuels innovation, entrepreneurship, and long-term growth in America and in the Arctic region. The ICELAND Act would bring our two countries into closer strategic alignment at a time when such partnerships are more critical than ever.”
“As co-chair of the Iceland Caucus, I know the importance of having a strong relationship between the United States and Iceland,” said Murphy. “Iceland serves as an important ally in our common pursuit of democracy and economic security, and this legislation would be a critical step in strengthening the ties between our two nations. The ICELAND Act would increase trade and expand economic opportunities, while also injecting capital into both of our economies.”
Background:
In 1944, the United States was the first country to recognize the independent Republic of Iceland. As NATO members, Iceland and the United States share strategic interests in the Arctic region, as well as many political and cultural values, including mutual respect for human rights, democracy, and the rule of law. The U.S. and Iceland have a longstanding history of trade. As an export powerhouse in seafood ($247 million), optical and medical instruments ($75 million), beverages ($31 million), special other ($29 million), and machinery ($16 million), Iceland contributes to the commercial and trading interests of the U.S. economy. The U.S.
E-1 and E-2 visas allow foreign nationals to enter the U.S. for a period of up to two years (with an option to renew on a rolling basis) to engage in substantial trade and investment activities. Nationals of 84 countries are eligible for E-1 and/or E-2 visa status. Iceland is one of only four European countries (Russia, Hungary, and Belarus) and of a small handful of NATO and Organization for Economic Co-operation and Development member states that do not currently hold this status. Traditionally, E-1 and E-2 visas were extended to foreign citizens under “treaties of navigation”, however in recent years legislation is typically required to add nations to the list of eligible countries. In 2018, the KIWI Act was signed into law, granting citizens of New Zealand access to E visas. In 2022, the AMIGOS Act was signed into law, granting E visa eligibility to citizens of Portugal.
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