On December 21, 2023, Vice Foreign Minister Deng Li and Permanent Secretary of State of Iceland at the Ministry of Foreign Affairs Martin Eyjólfsson held a political dialogue between China's and Iceland's ministries of foreign affairs in Beijing.

Deng Li said that Iceland adheres to an independent, rational and pragmatic foreign policy, and was the first European country to sign a free trade agreement with China. Since the beginning of this year, the exchanges between China and Iceland have resumed rapidly, and bilateral trade volume has increased significantly. China appreciates Iceland's adherence to the one-China principle and is willing to strengthen exchanges with Iceland at all levels, and expand practical cooperation in various fields such as economy and trade, geothermal energy, and tourism.

Martin Eyjólfsson said that this year marks the tenth anniversary of the signing of the free trade agreement between Iceland and China. The governments, businesses, and people-to-people exchanges between the two countries have been close, and the bilateral trade volume continues to set new records. Iceland abides by the one-China policy, and is willing to upgrade the free trade agreement with China, expand geothermal cooperation, facilitate people-to-people exchanges, and jointly address climate change and other global challenges.

The two sides also had an exchange of views on international and regional hotspot issues of mutual interest and concern.