Nordic Regional Cooperation

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Nordic Regional Cooperation

Nordic Regional Cooperation (Nordic Group ) in relation with International Trade

In the context of trade organizations, Christopher Mark (1993) provided the following definition of Nordic Regional Cooperation (Nordic Group ): A regional cooperation organization including Denmark, Finland, Iceland, Norway, and Sweden. Objectives include coordination of economic, trade, environmental, and social policies; and cooperation on relations with outside countries and multilateral organizations. It was established by the Helsinki Convention of 1962. An inter-parliamentary group functions as the Nordic Council, headquartered in Stockholm. Prime Ministers of the Nordic countries decided in October 1992 to establish a rotating presidency on the EC model in an effort to increase Nordic influence within the EEA. Institutional mechanisms for trade policy coordination among members are well established; members have been generally ..successful in harmonizing policies and establishing cohesion for participation as a group in GATT consultations and negotiations.

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