A delegation of government and business leaders from Iceland visited Nova Scotia on 27-28 October to promote opportunities for innovation in Nova Scotia''s seafood, aquaculture and biotechnology sectors.

Fisheries and Aquaculture Minister Keith Colwell welcomed the group to Halifax as a follow up to a memorandum of understanding signed in January between provincial Crown corporation Perennia and Matis Limited of Iceland.

"Strengthening our relationship with Iceland can connect Nova Scotia companies with new technologies, knowledge and potential new markets," said Mr Colwell. "We can benefit from Iceland's experience in growing its economy through innovation and I am looking forward to more collaboration as we exchange knowledge and ideas."

The delegation met with representatives of the province's seafood industry, agricultural producers and the wine industry.

"Iceland has been pursuing innovation through technology and research to grow the value of our biotechnology and agriculture and seafood industries," said Sigurour Ingi Johannsson, Minister of Fisheries and Agriculture for Iceland. "We see opportunities to collaborate with Nova Scotia to promote development in these sectors."

The main purpose of the agreement between Perennia and Matis Limited is to strengthen research and development capacity in the areas of fisheries, agriculture, aquaculture, biotechnology and agri-food. It commits both parties to work together on local, national and international projects, share personnel and cross promote services.