Kathmandu— Iceland's voters have decisively rejected a proposal to restart negotiations for joining the European Union in a referendum held on Saturday, with opponents defeating the measure by a margin of 52.8% to 47.2%. The vote was influenced by concerns over national control of Iceland’s fisheries and geopolitical stability amid threats from U.S. President Donald Trump regarding nearby Greenland.

Background on EU Negotiations

The referendum came more than a decade after a euroskeptic government ended EU talks that had begun following the 2008 financial crisis. The left-leaning coalition government, elected in 2024, moved up the planned referendum due to Trump's mistaken references to Iceland while discussing his interest in Greenland.

Prime Minister’s Response

Prime Minister Kristrún Frostadóttir stated that she did not view the loss as a setback for her coalition government but rather as a win for democracy. She noted that more than 82% of eligible voters participated, and while she would respect the result, she left open the possibility of future attempts to reopen the issue.

Opposition Party’s Stance

Guðrún Hafsteinsdóttir, leader of the opposition Independence Party who opposed the measure, said that while the result was a blow to the government, it did not affect European relations. She emphasized the importance of maintaining close contact with the EU and other countries but steering their own course.

Fishing Industry’s Role

The influential fishing industry led opposition to the referendum over fears that the EU's common fisheries policy would open Iceland's waters to trawlers from Spain, the Netherlands, and elsewhere. Fishing is central to Iceland's national identity, as descendants of Vikings who have lived off the sea for centuries.

EU Membership Pros and Cons

Backers argued that EU membership would lower inflation and interest rates and provide more stability through the euro currency. They also believed it was in Iceland's interest to get closer to European neighbors on issues like climate change. Opponents, however, pointed out that Iceland already benefits from being part of the EU single market without full membership.

(With inputs from AP)

Originally published on abcnews.com.np.