The co-operation concentrates on:
- Creating a Nordic business climate by removing obstacles to cross-border freedom of movement
- Boosting innovation in Nordic companies and in regional co-operation on innovation policy
- Improving co-operation with the Region's neighbours
- Ensuring well-balanced regional development.
In the energy sector:
- Guaranteeing supplies
- Harmonising the Nordic electricity market
- Promoting the development of sustainable energy sources
- Putting the Nordic Region at the forefront of international developments.
The Nordic ministers for business, energy and regional policy are responsible for this co-operation. The ministers meet once a year to discuss and initiate co-operation in areas of shared interest.
The Nordic Committee of Senior Officials for Business Policies (EK-N), the Nordic Committee of Senior Officials for Energy Policies (EK-N) and the Nordic Committee of Senior Officials for Regional Policies (EK-R), which consist of representatives from all of the countries, meet four or five times a year and prepare proposals for presentation to the ministers.
The Nordic Council of Ministers' Secretariat in Copenhagen is responsible for the day-to-day running of Nordic inter-governmental co-operation.
The Secretariat houses the Department for Growth and Climate, which prepares questions for submission to the Nordic Council of Ministers for Sustainable Growth and its committees of senior officials.
The Secretariat is also responsible for implementing decisions once they have been taken.
The Nordic Council of Ministers for Sustainable Growth supports and funds a number of institutions and border committees.