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Bioeconomy in Iceland

Iceland plays a leading role in a bioeconomy alliance with Greenland and the Faroe Islands. Marine resources dominate the bio-based economy in Europe’s second largest island state. Iceland has teamed up with Greenland and the Faroe Islands to jointly develop a bioeconomy strategy.

Iceland takes the leading role in the "Nordic Bioeconomy Initiative". A strategic paper entitled "Future Opportunities for Bioeconomy in the Western Nordic Countries" has already been drawn up and was published in 2014. In 2015, a "Nordic Bioeconomy Panel" was set up. The goal: the development of a "Nordic bioeconomy strategy". The main areas of focus are biotechnology and the blue bioeconomy – the aim of which is to tap and exploit marine bioresources.

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