Since WWII, the U.S. and Iceland have had a strong economic relationship. U.S. goods, services, and franchises are very popular, with Icelanders buying twice as much from the U.S per capita than does the average EU citizen. Bilateral Foreign Direct Investment (FDI) activity is primarily in the aluminum industry. Iceland’s membership in the European Economic Area (EEA) poses challenges for the two countries to maintain — and hopefully continue to expand — trade and investment activity. Nonetheless, our nations’ historical closeness, and liberal economic philosophies and practices, will help ensure the economic relationship continues to thrive.