| EFTA | European trade association whose members include Norway and Iceland (4) |
| CREDITUNION | A cooperative association whose members can obtain low-interest loans out of their combined savings (6,5) |
| CORRESPONDENT | Agreeing with second report revised to include Norway (13) |
| AHL | Sports association whose teams include the Manitoba Moose and the Rockford IceHogs, for short |
| FAROES | Island group between Norway and Iceland, under Danish control since 1814 (6) |
| FAEROEISLANDS | Territory between Norway and Iceland |
| KRAKEN | Legendary giant sea creature said to nave been seen off the coasts of Norway and Iceland (6) |
| IATA | A trade association for the world's airlines, what was formed 80 years ago? (4) |
| KISS | American rock band whose members include Gene Simmons and Ace Frehley (4) |
| ASIA | Rock supergroup formed in 1981, whose members include Geoff Downes and Carl Palmer (4) |
| CHEN | New Chester family whose members include Sam, Lizzie and Mason (4-8) |
| BLUR | Band whose members include Damon Albarn and Graham Coxon (4) |
| RISK | Japan and Iceland are on its board |
| NATO | Gp. with Can. and Iceland in it |
| OPEC | International oil cartel whose members include Iran and Venezuela: Abbr. |
| OLEA | Type genus of the olive family, whose members include the ash, privet, jasmine etc. (4) |
| UNIONJACK | Standard trade association card (5,4) |
| RAGTAG | Make fun of leaders of trade association groups becoming untidy and disorganised (6) |
| SPICES | Flavouring substances from the East Indies that triggered centuries of European trade wars |
| NORWEGIAN | European trade warning holds nothing over English (9) |