March 21, 2014

"As a consequence of climate change, the Arctic region is on the cusp of a new era..."

Euractiv "Increasing maritime traffic through polar routes illustrates the unique position of the Arctic in global economic affairs, as the region links America, Europe and Asia. The level of current interest in the area is unprecedented." by Damien Degeorges

'The European Union has enormous growth potential up north. One of the key areas in the Arctic being Greenland, the European Union has a constructive role to play, by securing the development of this self-ruled territory. Given Greenland’s strategic assets, and its changing relationship with Denmark, a strong and sustainable Greenland economy is critical in securing a stable framework for future regional developments.

'Greenland, one the most strategic Overseas Countries and Territories (OCTs), has everything to attract everyone. It has become a meeting place for global interests, especially for the US, the EU and China. The European Union has played a leading role in the development of the education sector in Greenland, an absolutely key area.

'Apart from the existing tools that the European Union has at its disposal to contribute to Greenland's economy, a region within the EU could contribute to further strengthening EU-Greenland relations: for 40 years, North Denmark has provided a ‘bridge’ between Greenland and Europe via the Port of Aalborg, Europe’s only base port for Greenland. Approximately 80% of Greenland’s external trade passes through Aalborg.'

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