Geopolitical and Economic Significance of the Arctic Region

The statements made by the Chair of SAO and the US President over seven years though in entirely different contexts, however, are tied by one common element that of the growing limelight in which the Arctic is being viewed by the regional players and non-Arctic states in the region. China was not yet granted the status of an observer in 2012 and within 06 years of its entry into the region, the greatest and most powerful nations, USA is increasingly getting sceptic of its goals and objectives.