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The two countries have cooperated in many areas over the last decades and various bilateral cultural and educational activities are flourishing, including a Confucius school in University of Iceland and Icelandic Class in Beijing University of Foreign Studies.

The Iceland-China Cultural Society and the Iceland-China Trade Council are actively working on bilateral exchanges and cooperation between the two countries.

A number of sister cities have been established, i.e. Baoding and Hafnafjordur, Wuhan and Kopavogur, Xianyang and Reykjanesbaer, and Changsha and Olfuss.

The two UN training programs in Iceland, i.e. the United Nations University (UNU) Geothermal Training Programme and the UNU Fisheries Training Programme, have received about 100 Chinese professionals into the program in the past 30 years.

In May 2008, members of the Icelandic Business Forum expressed their support to the victims of the Wenchuan Earthquake by making a group donation of RMB 500,000. With the great support of China Youth Development Foundation and the local government in Huidong, the donation was used in adding a brand-new school building to the primary school of Vande Village, Huidong County, Liangshan Yi Autonomous Prefecture of Sichuan Province.  A special Binghua Hope Award was also set up for students at the newly-named Binghua Hope Primary School.

The signing of Iceland-China Free Trade Agreement in 2013 marked a new development of bilateral relations, laying a new foundation for increased trade, enhanced interest in various exchanges for new opportunities and expanded cooperation beyond economic sector. 

In 2019, another new record was scored in Icelandic exports to China, with the imports hitting the 2nd historical height. The steady growth momentum is expected to continue along with the steady economic development in both countries.

Chinese tourists has also contributed to the fast growing Icelandic tourism with 99,513 Chinese passengers passing through the Keflavik Airport in 2019.

A number of investment projects have been unfoled in the past years, including the investment of Jeely in the Carbon Recycling International (CRI) with novel methanol production as clean fuel and the USD 200 million biopharmaceutical manfuacturing company jointly invested by the Icelandic company Alvotech and Changchun Hi & New Techmology Industries (Group) Inc. in Changchun.

 

Liang Ma Qiao Bei Xiao Jie Chaoyang District, Beijing Tel: 86-10-8531 6900 Fax: 86-10-6590 7801