Ukraine has started negotiations with Iceland on simplification of the visa regime, Ukrainian Foreign Minister Borys Tarasyuk said at a Monday press conference with Iceland Minister for Foreign Affairs and External Trade Valgerdur Sverrisdottir, Cabinet press office reported.

According to the Iceland Minister, the negotiations are very important for Iceland, as last week Ukraine has completed negotiations with the EU on facilitation of the visa regime. "Though Iceland is not an EU member, we participate in the Schengen treaty," she said.

She stated about Iceland business interestedness to invest to Ukraine. According to her, a delegation of 24 Iceland companies, who arrived to take part in the second Ukraine - Iceland business forum, are also interested in Ukrainian imports of goods.

According to the Ukrainian Foreign Ministry, trade turnover between Ukraine and Iceland over the two past yeas reached 16 M. USD. "This is a modest performance, but we have all grounds to step it up," Borys Tarasyuk said. The cost of Iceland investments to Ukraine presently amounts to some 11 M. USD.


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