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
'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.'