Nordic cooperation is one of the world's most extensive forms of regional collaboration, involving Denmark, Finland, Iceland, Norway, Sweden, and three autonomous areas: the Faroe Islands, Greenland, and Åland.Nordic cooperation has firm traditions in politics, the economy, and culture.It plays an important role in European and international collaboration, and aims at creating a strong Nordic community in a strong Europe.Nordic cooperation seeks to safeguard Nordic and regional interests and principles in the global community.Common Nordic values help the region solidify its position as one of the world's most innovative and competitive.