The opening up of markets is also creating opportunities for domestic producers to export their high-quality goods. Exports of agricultural goods have traditionally been on a small scale. Although recent figures show that tonnage is not rising, they also reveal that producers have begun to receive more for less, which is certainly a sign of success. Sustainability Life in Iceland has often been equated with fish. Although this is a slight exaggeration, the fishing industry remains the backbone of the nation's economy, generating nearly three quarters of merchandise export earnings.
Sustainability is at the root of the nation's fishing policies.
The Ministry of Fisheries distributes annual fishing quotas based on sustainable yields. In addition, fish hatcheries are not allowed to use antibiotics or parasiticides. The use of growth-enhancing substances and fodder treated with pesticides or herbicides is also forbidden. With an average lifespan of 79 years, the longevity of Icelanders testifies to the excellence of Icelandic food. The country is virtually free from environmentally damaging industrial pollution.