The negotiations between the United States and Greenland to seek an agreement that will allow a strategic positioning in the region and keep the Chinese Communist Party (CCP) at bay in the Arctic are taking shape, according to a new report issued on Thursday.

The Wall Street Journal revealed that several high-level U.S. officials met on Wednesday, Oct. 28, with officials from the autonomous territory of Denmark and are close to signing agreements on security and diplomatic cooperation, as well as trade and investment initiatives.

According to one of the senior U.S. officials, U.S. National Security Adviser Robert O’Brien led a virtual summit with officials from Denmark and Greenland to discuss strengthening ties and reducing the CCP’s attempt to gain a foothold in the region.

Among the agreements the United States would help Greenland assess foreign investment. Such a move represents the Trump administration’s 2020 fiscal determinations to monitor foreign investment as well as CCP’s military activities in the Arctic.

The Pentagon reported last year on increased CCP activity in the Arctic, which has raised concerns in the Arctic states about strengthening its military reach.

“Civilian research could support a strengthened Chinese military presence in the Arctic Ocean, which could include deploying submarines to the region as a deterrent against nuclear attacks,” the report said.

According to the white paper published by the CCP in 2018, its policy in the Arctic region also calls for the creation of a “Polar Silk Road.”

The CCP’s presence in the Arctic would also point to the extraction of rare minerals such as praseodymium, yttrium and lanthanum. These are used in lasers, magnets, semiconductors, special glasses, ceramics, and nuclear batteries.

As the New York Post pointed out, the Chinese Communist Party sought approaches with the autonomous territory of Denmark to reach an agreement where it hoped to build three airports as part of its policy of influence on the island, however the Pentagon thwarted such a measure in 2018.

According to Dr. Lawrence A. Franklin of the Gatestone Institute, the CCP controls most of the world’s rare earth materials.

President Donald Trump made known the interest that the U.S. government had in buying such territory due to its abundance of resources and geopolitical strategy, according to a report by the Wall Street Journal on Aug. 16, 2019.

Currently, the United States and Denmark have a defense treaty that is decades old while the United States has the Thule military air base located in northeast Greenland, which includes a missile early-warning system.