( ( ( ( ( ( ( Many species ) ( of fish ) ) ( live ( in ( ( the ( ocean waters ) ) ( surrounding Iceland ) ) ) ) ) , ) and ) ( ( the ( fishing industry ) ) ( ( ( is ( ( a ( major part ) ) ( of ( ( Iceland 's ) economy ) ) ) ) , ) ( accounting ( for ( ( approximately half ) ( of ( ( the ( country 's ) ) ( total exports ) ) ) ) ) ) ) ) ) . )
(ROOT (S (S (NP (NP (JJ Many) (NNS species)) (PP (IN of) (NP (NN fish)))) (VP (VBP live) (PP (IN in) (S (NP (DT the) (NN ocean) (NNS waters)) (VP (VBG surrounding) (NP (NNP Iceland))))))) (, ,) (CC and) (S (NP (DT the) (NN fishing) (NN industry)) (VP (VBZ is) (NP (NP (DT a) (JJ major) (NN part)) (PP (IN of) (NP (NP (NNP Iceland) (POS 's)) (NN economy)))) (, ,) (PP (VBG accounting) (PP (IN for) (NP (NP (QP (RB approximately) (PDT half))) (PP (IN of) (NP (NP (DT the) (NN country) (POS 's)) (JJ total) (NNS exports)))))))) (. .)))
Many species of fish live in the ocean waters surrounding Iceland, and the fishing industry is a major part of Iceland's economy, accounting for approximately half of the country's total exports.
(ROOT (S (NP (NP (DT The) (NN majority)) (PP (IN of) (NP (NNS species)))) (VP (VBP live) (PP (IN in) (NP (DT the) (NN ocean)))) (. .)))