Icelanders go to the polls on Saturday in a closely fought referendum on whether to authorise their government to reopen EU accession negotiations that were suspended in 2013 — with the latest polling showing the "yes" side at just 51.3% against 48.7% for "no". The vote does not ask citizens to approve EU membership outright; any deal eventually negotiated with Brussels would be put to a second referendum. Fishing rights are at the heart of the debate, as seafood accounts for roughly 39% of Iceland's merchandise exports and many voters fear that joining the EU's common fisheries policy would open Icelandic waters to European fleets — echoing the "Cod Wars" disputes of the 1950s–70s. Supporters of the "yes" campaign argue that Iceland, which already applies many EU rules as a member of the European Economic Area (a framework linking non-EU states to the bloc's single market) but has no seat at the table when those rules are made, should at least explore what terms it could secure, pointing also to Iceland's 5.6% inflation rate — double the EU average — as a reason to consider closer integration.