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Iceland – Enterprises

Candidate countries conduct negotiations with the European Union (EU) in order to prepare themselves for accession. The accession negotiations cover the adoption and implementation of European legislation (acquis) and, more specifically, the priorities identified jointly by the Commission and the candidate countries in the analytical assessment (or ‘screening’) of the EU’s political and legislative acquis. Each year, the Commission reviews the progress made by candidates and evaluates the efforts required before their accession. This monitoring is the subject of annual reports presented to the Council and the European Parliament.


Commission Report [COM(2011) 666 final – SEC(2011) 1202 final – Not published in the Official Journal].


In its 2011 Report the Commission gives a positive assessment of Iceland’s alignment with the European Union (EU) acquis due to its participation in the European Economic Area (EEA). Preparations for accession must be pursued.

EUROPEAN UNION ACQUIS (according to the Commission’s words)

EU industrial policy seeks to promote industrial strategies which strengthen competitiveness by accelerating adaptation to structural changes and encouraging a framework conducive to the creation and development of enterprises across the EU and to national and foreign investment. It also seeks to improve the overall business environment in which small and medium-sized enterprises (SMEs) operate. It presupposes a process of privatisation and restructuring (see also Chapter 8 – Competition policy). The Community strategy in this area essentially involves defining fundamental principles and drawing up industrial policy declarations. The implementation of enterprise policy and industrial policy requires an adequate administrative capacity at national, regional and local level.

EVALUATION (according to the Commission’s words)

In general the country has achieved a high level of alignment in the field of enterprise and industrial policy. Specific measures have been adopted concerning industrial policy and small and medium-sized enterprises (SMEs) in order to overcome the challenges emerging in the wake of the economic and financial crisis.

Last updated: 12.10.2011

See also

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