Iceland and Malta are the northernmost and southernmost islands in Europe. Fishing has been a fundamental economic, social and cultural activity for centuries on these two islands. Iceland Post and MaltaPost are now collaborating on a Joint Stamp issue to reflect this connection by using " Fishing Villlages" as the Theme. Husavik is the motif of the Icelandic miniature sheet whilst the village of Mgarr,Gozo is depicted on the Maltese sheet.
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Source : http://www.maltaphilately.com/