Iceland is set to potentially expand its fishing industry through a new aquaculture bill that will be presented to parliament, aiming to explore the possibilities of offshore salmon farming. This initiative will allow private companies to obtain production licenses if they can conduct successful research into the feasibility of sea farming in designated zones. The Ministry of Food, Agriculture and Fisheries emphasizes the importance of thorough studies to ensure the viability of this venture, as the bill seeks to introduce clear regulations for the burgeoning aquaculture sector in Icelandic waters.