What is "nordek"

Nordek (In Swedish: Organisationen för nordiskt ekonomiskt samarbete. In Danish and Norwegian: Nordøk for Nordisk økonomi. In Finnish: Pohjoismaiden talousalue ) was the name of a planned organisation for Nordic economic cooperation similar to the European Economic Community EEC, based on a proposal in 1968 by Danish Prime Minister Hilmar Baunsgaard. A treaty was negotiated to establish the new organisation, to be headquartered in Malmö, Sweden. Ultimately it was the case that Finland did not ratify the treaty due to its relationship with the Soviet Union. Then Denmark joined EEC and Sweden, Norway, Iceland signed an bilateral free trade treaty with the EEC.