I think Iceland will find that compliance with the EU regulations would be very expensive and not practical, but that’s for them to decide.
Other two countries in EEA are Norway and Liechtenstein.
We cannot even keep up with the EU-lite regulations today.
But anyways, the vote is most certainly, but close, no.
I was explaining to the commenter above me that Iceland already has to comply to EU regulations, because he seemed unaware of that.
Unsurprisingly, every thread on HN that mention EU seems to attract all sorts of people that have absolutely no idea of what the hell they are talking about.
Iceland complies with EU because it belongs to the EEA. It has nothing to do with "precence of EU across the sea".
UK doesn't have to comply with th EU. It has to if it t wants to be able to export stuff there.
Iceland has to comply with EU because it is in the EEA. The situation of Iceland is completely different than the situation of the UK.
The UK has to comply with the EU as much as Nicaragua, New Zealand, Namibia, etc.
If you are an exporter and exporting goods to EU you have to comply with EU rules if you like it or not and whether you are a member or not.
Iceland has to comply with the EU because it chose to belong to the EEA.