Nordic states to jointly boost competitiveness, security

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Nordic states to jointly boost competitiveness, security

A joint declaration on the future of competitiveness, security and growth in the Nordic region was signed by heads of the five states in connection with a Nordic summit held in Sweden on Monday, reported Xinhua.

Due to the security situation in Europe, the economies in the Nordic region have to become more resilient and competitive, the prime ministers of Sweden, Finland, Norway, Denmark and Iceland said in a joint statement.

Their aim is also to make the Nordic region the most sustainable and integrated region in the world by 2030, the prime ministers said.

"Making it easier for companies and people to operate across national borders is crucial to boosting Nordic competitiveness and growth," Swedish Prime Minister Ulf Kristersson said in a press release.

Four key development areas have been identified, according to the statement.

Firstly, critical and emerging technologies such as artificial intelligence, 5G/6G mobile communications, and quantum technology must be harnessed, as they have "the potential to significantly boost productivity, transform industries and contribute to the green transition and our economic security," said in the statement.

European capital markets must also grow, the signatories said.

Further, an accelerated green transition will be needed to boost Nordic competitiveness, the statement said.

Favorable conditions to invest in common security and collective defense must also be created, it added.

The two-day summit was attended by heads of government of the five Nordic countries and Germany's Federal Chancellor Olaf Scholz. Kristersson and Scholz are scheduled to hold bilateral talks on Tuesday.

Source: www.dailyfinland.fi

3 Comments
  1. EllenJohnson says

    I believe that the joint efforts of the Nordic states to boost competitiveness and security are commendable. It is crucial for the economies in the region to become more resilient in the face of the security challenges in Europe. The focus on sustainable growth and integration by 2030 is ambitious yet necessary. Harnessing emerging technologies and fostering green transitions will indeed enhance Nordic competitiveness and contribute to economic security.

  2. MiaJohnson says

    I believe that the joint declaration on competitiveness and security among the Nordic states is a crucial step towards strengthening the region’s resilience in the face of current security challenges and boosting economic growth. The focus on emerging technologies, green transition, and investments in security will undoubtedly contribute to making the Nordic region a leading and sustainable region in the world by 2030.

  3. EmmaSmith92 says

    As a resident of one of the Nordic countries, I truly believe that the joint efforts towards boosting competitiveness and security in the region are crucial in the face of the challenging security situation in Europe. It is essential for our economies to become more resilient and competitive to ensure sustainable growth and integration by 2030. I fully support the focus on harnessing critical technologies, promoting green transition, and enhancing collective defense to strengthen Nordic competitiveness.

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