The Arctic Economic Council (AEC) is an independent international business membership organisation representing companies that work with and within the Arctic. The AEC advocates sustainable economic development in the region and represents a business perspective on sustainability. The AEC is the only regional business organisation in the Arctic and has members from all eight Arctic states.
Within its working groups, the Council aims to investigate framework conditions that would support business development and attract investments to the Arctic in a responsible manner and to the benefit of the local economies and population. Based on that, the AEC provides advice to the relevant policy-making stakeholders, including the Arctic Council. The AEC also provides a network for companies through its working groups and communicate to the general public about the business opportunities in the Arctic.
The AEC was founded on 2 September 2014 in Iqaluit, Nunavut, Canada. The headquarter is based in Tromsø, Norway. The council’s members are both multinational companies (MNCs) as well as small and medium-sized enterprises (SMEs) based and/or operating in the Arctic region, as well as Indigenous organisations as permanent participants.
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