Reykjavik's first and only parliament building (Althing) with the Icelandic flag waving above it, in Iceland.

Iceland’s closely fought referendum on whether to resume membership talks with the EU is going down to wire, with 50.1% rejecting the government's proposal and 49.9% supporting it, according to public broadcaster RUV.

Key Highlights:

The first 153,197 votes counted of the 270,000 voters eligible showed a narrow margin between those who voted yes and no, with just 435 votes separating them.

Fisheries rights were a major concern for many No voters, fearing they would cede control of their lucrative fishing grounds under the EU's common fisheries policy.

The outcome will have significant implications for Iceland’s economy, trade relationships and future involvement in European affairs.

Iceland EU Referendum: A Breakdown

Prime Minister Kristrún Frostadóttir's centre-left government promised to hold a referendum

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However, debate in this island nation of almost 400,000 people centred more on its fishing industry rather than security concerns.

Key Highlights:

Iceland's closely fought referendum on whether to resume membership talks with the European Union is going down to wire, with the resul

Iceland began its application to join the EU in 2009 in the wake of the 2008 financial crisis and the collapse of Iceland's banking sys

Fish and marine industries account for almost 40% of Iceland's exports and many No voters feared they would cede some control of their

Iceland's closely fought referendum on whether to resume membership talks with the European Union is going down to wire, with the result too close to call. Based on the first 153,197 votes counted of the 270,000 voters eligible, 50.1% rejected the government's proposal, while 49.9% said yes, public broadcaster RUV said, with just 435 votes splitting them.