Context:

The 2nd India Nordic Baltic Business Conclave received praise from India's External Affairs Minister, who acknowledged the growing collaboration between India and the Nordic-Baltic (NB8) countries, commending the Confederation of Indian Industry (CII) for hosting the event.

About NB8 Countries?

The Nordic-Baltic (NB8) countries encompass a coalition of eight nations in Northern Europe, consisting of the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden) and the Baltic states (Estonia, Latvia, and Lithuania). This alliance collaborates on a range of economic, diplomatic, and strategic endeavors aimed at fostering regional cooperation and tackling mutual challenges. Marked by their tight geographical proximity and intertwined historical, cultural, and economic connections, this region functions as a nexus for cooperative efforts and alliances among these countries. Key areas of collaboration include trade, innovation, and diplomatic relations.