Nordic Council (NC): established - 16 March 1952; effective - 12
February 1953
aim - to promote regional economic, cultural, and environmental cooperation
members - (5) Denmark (including Faroe Islands and Greenland), Finland (including Aland Islands), Iceland, Norway, Sweden
observers - (3) the Sami (Lapp) local parliaments of Finland, Norway, and Sweden
Nordic Investment Bank (NIB): established - 4 December 1975; effective - 1 June 1976
aim - to promote economic cooperation and development
members - (5) Denmark (including Faroe Islands and Greenland), Finland (including Aland Islands), Iceland, Norway, Sweden
North: a popular term for the rich industrialized countries generally located in the northern portion of the Northern Hemisphere; the counterpart of the South; see developed countries (DCs)
North American Free Trade Agreement (NAFTA): established - 17 December 1992
aim - to eliminate trade barriers, promote fair competition, increase investment opportunities, provide protection of intellectual property rights, create procedures to settle disputes