Commonwealth Business Council

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Commonwealth Business Council

The Commonwealth Business Council (CBC) is an institution of the Commonwealth Family

Commonwealth Family

The Commonwealth Family is a network of Voluntary association, organisations, and Charitable organization affiliated to the Commonwealth of Nations....
that aims to utilise the global network of the Commonwealth of Nations

Commonwealth of Nations

The Commonwealth of Nations, also known as the Commonwealth or the British Commonwealth, is an intergovernmental organization of fifty-three independent member states....
more effectively for the promotion of global trade and investment for shared prosperity. It was formed at the Commonwealth Heads of Government Meeting 1997

Commonwealth Heads of Government Meeting 1997

The Commonwealth Heads of Government Meeting 1997 was the fifteenth Commonwealth Heads of Government Meeting of the Commonwealth Heads of Government of the Commonwealth of Nations....
(CHOGM), in Edinburgh

Edinburgh

Edinburgh ; is the Capital city of Scotland, a position it has held since 1437. It is the seventh largest city in the United Kingdom and the second largest Scottish City status in the United Kingdom after Glasgow....
, the United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom , the UK or Britain,is a sovereign state located off the northwestern coast of continental Europe....
.

The CBC acts as a bridge for cooperation between business and government, concentrating efforts on these specific areas:

Commonwealth countries are major stakeholders in the process and success of the Doha Development Agenda.

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Encyclopedia

The Commonwealth Business Council (CBC) is an institution of the Commonwealth Family

Commonwealth Family

Commonwealth of Nations

Commonwealth Heads of Government Meeting 1997

Edinburgh

United Kingdom

Enhancing Trade
Mobilising Investment
Promoting Corporate Citizenship
Facilitating ICT for Development
Public Private Partnerships

Commonwealth countries are major stakeholders in the process and success of the Doha Development Agenda. Together the Commonwealth’s 53 member countries account for 30 per cent of the world’s population and about 25 per cent of its international trade and investment. Commonwealth countries account for 40 per cent of WTO membership. CBC’s trade development objectives include encouraging trade facilitation and further liberalisation of services; encouraging developing countries to play an active role in the World Trade Organisation, and in new trade rounds, by maximising their negotiating strength through cooperative action.

The CBC helps to mobilise investment into Commonwealth countries through measures including ensuring access to international capital markets; strengthening 26 domestic capital markets; encouraging regional integration; committing the private sector to work together with governments to help achieve a successful market economy for generating investment.

A key feature of CBC is its global membership, comprising corporate members from both developed and developing countries. This gives CBC the capacity to make a special contribution to the debate on corporate citizenship, dominated by developed countries.

The CBC has been working to involve private sector

Private sector

In economics, the private sector is that part of the economy which is both run for private profit and is not controlled by the state. By contrast, enterprises that are part of the state are part of the public sector; private, non-profit organizations are regarded as part of the voluntary sector....
engagement in facilitating the implementation of an Information Communications Technologies for Development programme. The CBC programme enhances collaborative partnerships between the various stakeholders including governments, private sector, donor agencies and civil society

Civil society

Civil society is composed of the totality of voluntary civic and social organizations and institutions that form the basis of a functioning society as opposed to the force-backed structures of a state and commercial institutions of the market....
. Major goals include:

Bridge the digital divide
Digital divide

The term digital divide refers to the gap between people with effective access to digital and information technology and those with very limited or no access at all....
for both social and economic development.
Promote ICT for Development in Commonwealth countries.
Promote an experience exchange among stakeholders in Commonwealth countries.
Promote business and government cooperation for development.
Create awareness and enhance the knowledge of policy makers regarding economic, technical and legal aspects of implementation of ICT for development.
Provide and facilitate training and capacity building
Capacity building

Capacity building often refers to assistance which is provided to entities, usually developing country societies, which have a need to develop a certain skill or competence, or for general upgrading of performance ability....
.

CBC believes that there remains a significant gap for independent support to emerging market governments in the structuring and transacting of ICT infrastructure opportunities. The key CBC objectives are:

Examine how support from highly experienced individuals can assist through the creation of an infrastructure technical advisory unit.
Provide senior-level government support to provide focused advice.
Provide mechanisms that will help governments leverage the huge capacity of the private sector to address the demand for better infrastructure.

Commonwealth Business Council

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