FIRST INDIA-NORDIC SUMMIT
India and five Nordic countries— Sweden, Denmark, Iceland, Norway, Finland — participated at the Summit titled ‘India-Nordic Summit: Shared Values, Mutual Prosperity’.
- Both reaffirmed the importance of free trade as a catalyst for achieving inclusive growth and realising the Sustainable Development Goals amid rising protectionist tendencies displayed powerful economies.
- It also acknowledged that terrorism and violent extremism are major challenges for the international community. They discussed global security, including cyber security, based on their shared values of human rights, democracy and the rule of law, and their commitment to uphold the rules-based international system.
- The Nordic countries agree that India is a strong candidate for a permanent seat in a reformed Security Council expanded with both permanent and non-permanent members.
- The Ease of Doing Business practices were emphasised as a priority for both the Nordic countries and India.
- India and the Nordic nations also agreed to deepen cooperation on issues related to global security, economic growth, innovation and climate change at the Summit.
LEARNING WITH TIMES
Nordic countries are a group of countries in Northern Europe. These countries include Denmark, Finland, Iceland, Sweden, Norway, and the territories of the Aland Islands and the Faroe Islands.
Scandinavia, part of northern Europe, generally held to consist of the three countries of the Scandinavian Peninsula, Norway and Sweden, with the addition of Denmark.
CLIMATE CHANGE: refers to any significant change in measures of climate such as temperature, precipitation or wind lasting for an extended period of time that is decades or longer. In IPCC usage climate change refers to any change in climate over time whether due to natural variability or as a result of human activity. The term is commonly used interchangeably with global warming and green house effects and refers to increasing concentration of green house gases in the atmosphere that traps sun’s heat causes changes in weather pattern on a global scale.
The Sustainable Development Goals (SDGs),build on the successes of the Millennium Development Goals, otherwise known as the Global Goals, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.