Iceland will hold a referendum on Aug. 29 to decide whether to relaunch its stalled talks to join the EU, its government said Friday. A resolution is expected to be presented to Parliament next week, according to Minister for Foreign Affairs Kristrún Frostadóttir.

The Arctic country applied for EU membership in 2009 amid a financial crisis but froze talks in 2013 after a dispute over fishing policy and formally withdrew its application in 2015. Currently, Iceland is a member of the European Economic Area and part of the Schengen free travel area.

Official press release from the Government of Iceland: HERE