Iceland is an island country located between North America and Europe in the Atlantic Ocean, near the Arctic Circle, with an advanced economy that depends on fisheries, tourism, and aluminum production. Iceland has ratified the major international conventions governing arbitration and the settlement of investment disputes.
Foreign investment has been in energy-intensive industries, such as aluminum smelting, although investments in tourism, life sciences, and information technology have grown as a proportion of total FDI in recent years.
