OREANDA-NEWS. Minister for Foreign Affairs Timo Soini, High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini, and Commissioner Karmenu Vella responsible for the Arctic policy of the EU will co-host the first Arctic event of the EU in Oulu, Finland on 15–16 June 2017. «The event A sustainable Arctic – innovative approaches» aims to boost the dialogue on the EU’s Arctic policy as part of the international relations and development of the Arctic regions of the EU.

As well as the EU countries, all other countries with lands in the Arctic region have been invited. On the second day of the event the EU’s Arctic Stakeholder Forum will hold a high-level session focused on investments in the Arctic regions of Europe.

The topics to be discussed include innovative and sustainable solutions for the development of the economy and infrastructure, while taking due account of the Arctic environment and the perspectives of the indigenous peoples, people living in the region and the international community. The event offers an excellent opportunity to also put the Joint Communication An integrated European Union policy for the Arctic published in spring 2016 into practice. The priorities for the EU’s Arctic policy include responding to climate change and protecting the Arctic environment, sustainable development in the Arctic region, and international cooperation.

Climate change is a key challenge in the interaction between the Arctic and the rest of the world. Besides the EU’s Arctic policy, this is also a priority theme during Finland’s chairmanship in the Arctic Council in 2017–2019. At the event Finland wishes to draw special attention to the development of the Arctic regions of Europe, also by making use of the EU’s financial instruments.