Philenews

Iceland to Hold Referendum on EU Membership – Could Join the Union Within a Year and a Half

Published March 11, 2026, 12:15
Iceland to Hold Referendum on EU Membership – Could Join the Union Within a Year and a Half

Iceland is preparing to decide its European future in a referendum on August 29th, regarding the restart of accession negotiations with the European Union. The Foreign Minister believes that, in case of a positive outcome, the accession process could be completed in approximately a year and a half, potentially even faster than other candidate countries like Montenegro. The Prime Minister clarified that the referendum concerns the resumption of dialogue, not immediate membership, with a second referendum planned after the negotiations. Iceland already maintains a close relationship with the EU, being a member of the European Economic Area and the Schengen zone, meaning that much of European legislation already applies in the country. This, according to the Foreign Minister, could accelerate the accession process. However, fisheries policy is expected to be one of the main issues in the negotiations, due to its importance to the Icelandic economy. Iceland had applied for EU membership in 2009, but negotiations were 'frozen' in 2013 following political changes and disagreements over fisheries policy, with the application being officially withdrawn in 2015. The current discussion about membership is being revived by the international environment and the need for economic stability. The Foreign Minister argues that EU membership would offer Iceland economic stability and security in a period of geopolitical uncertainty, while the EU Commissioner for Enlargement emphasized that the Union can be an 'anchor of stability, prosperity and security'. The outcome of the referendum will determine Iceland's future in the EU.