What EEA participation costs would be replaced upon membership?

If Iceland were to join the European Union, EEA participation costs would be eliminated. Estimated costs of EEA participation are approximately ISK 8 billion per year, comprising:

These costs arising from Iceland's participation in the EEA cooperation would be eliminated.

Other direct or indirect costs could also be eliminated. These include costs related to participation in e.g. the Schengen cooperation. The European Union also pays, for example, travel expenses for representatives of EU Member States attending EU related meetings after membership. In contrast, today, the Icelandic State covers all travel expenses for Icelandic representatives attending meetings related to the current EEA cooperation or EU related meetings.