NB-8 states

• External Affairs Minister recently stated that India’s engagement with the Nordic-Baltic Eight (NB8) nations has significantly strengthened in recent years
• The focus has been on establishing “appropriate institutional frameworks” to foster closer business-to-business cooperation with countries in the group.

ABOUT NB8 STATES

• The Nordic Baltic Eight (NB8), consists of-
  • Denmark, Finland, Iceland, Norway, and Sweden (Nordic states)
  • Estonia, Latvia, Lithuania (Baltic states)
• It was established in 1992 to foster closer ties between the Nordic and Baltic countries.
• Notably, the NB8 countries collectively represent an economy of more than USD 2 trillion, with a population of about 33 million and a high standard of living.
  • NB-8 also stands as an innovation and technological powerhouse.
  • NB8 countries are global leaders in niche technologies in the areas of digitization, maritime solutions, port modernization, food processing, health & life-sciences, renewable energy, AI, agriculture, innovation and skill development, e-mobility, offshore wind, fuel-technologies, including green hydrogen and green methanol, ICT, life sciences, digitaization and e-governance, cyber technologies and Green Shipping.