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While the significance of the Arctic is increasing in the modern world,the international community is facing some challenging tasks, which nowadaysdetermine the essence and main areas of cooperation between the Arctic States andother interested actors in the region. The most important among them lies indetermining basic characteristics of the multilateral governance of the Arctic and inimproving mechanisms and procedures that already exist within the Arctic Counciland other regional institutions and are intended to ensure its effective implemen-tation. It is impossible to complete those tasks without determining the role andsignificance of non-Arctic States in shaping and implementing the Arctic agenda,the importance of which goes far beyond that region. Of utmost interest in thatregard are the countries of North East Asia (China, Japan and South Korea), whichin 2013 gained observer status in the Arctic Council as a result of which it nowwields considerable influence over the Arctic Council. Therefore, the main goal ofthis article is to determine prerequisites for the formation, analysis of the currentstate and of the future development of the Arctic policy of China, Japan and SouthKorea as well as for the study of the possibility of their cooperation in that direction.Moreover, the paper provides a description of current opportunities of non-ArcticStates to participate in institutional and rule-making mechanisms of the Arc