Hu Jintao then met with Icelandic President Olafur Ragnar Grimsson.

Hu Jintao then met with Icelandic President Olafur Ragnar Grimsson.

Hu Jintao said the free trade negotiations are on a smooth track, and China hopes to reach an agreement at an early date, based on the principles of equality.

Grimsson noted Iceland and China have kept expanding cooperation in diverse sectors, He said they've set up a paradigm of successful cooperation between a small country and a big one.