Pacific (Commonwealth) _ Commonwealth Business Forum (CBF) urged to bring together Commonwealth expertise in order to promote and advocate for Commonwealth-led solutions to global issues and to close the gap between the public and private sectors. In addition, it encouraged government and Business leaders to work hand in hand in achieving these targets.
The Commonwealth Business Forum (CBF) enabled high-level discussions between business and government leaders from the Commonwealth and beyond, allowing them to strengthen their relationships, share knowledge, and participate in important conversations about fostering sustainable growth globally.
In addition to the Commonwealth Heads of Government Meeting (CHOGM), the 2024 Commonwealth Business Forum (CBF) took place in Apia, Samoa. The CBF took place in Apia, Samoa, on October 23–24, 2024.
This year’s theme involved assembling professionals from the commercial and private sectors for networking, communication, and interaction. “One Resilient Common Future: Transforming our Common Wealth” was this year’s theme of the CHOGM 2024, which was held from October 21–26, 2024.
The Commonwealth Business Forum has developed into a vital component of the international business-to-government calendar since its founding in 1997. The Commonwealth Heads of Government Meeting (CHOGM), which brings together 56 Commonwealth leaders, has brought together a world-class group of corporate and private sector specialists for discussion, networking, and participation.
The Commonwealth Business Forum (CBF) 2024 was the first to be hosted in a small island developing state and the first to take place in the Pacific since 2011.
Although the CBF this year followed its host’s example and reflected the goals and ambitions of the Commonwealth Pacific and small island member nations, it was still the best place to interact with Commonwealth Governments and network with colleagues and others.
Underpinned by five key thematic pillars—access to finance, technology and innovation, lowering trade barriers, sustainability and resilience, and workforce transformation—businesses and governments convened to discuss the theme “One Resilient Common Future: Transforming Our Common Wealth.”
CBF was established to bring together Commonwealth expertise in order to promote and advocate for Commonwealth-led solutions to global issues and to close the gap between the public and private sectors.
The Government of Samoa hosted the Commonwealth in the Pacific, anticipating a representation of the 56 member countries. Strong signals from Asia, the Caribbean, Africa, and India suggest that this CHOGM will offer a crucial forum for international discussion and the Commonwealth Business Forum a crucial chance to make sure that the business voice is heard.
More than 500 corporate executives from more than 50 nations came together for this historic event, which brought together Commonwealth and international specialists to discuss pressing global issues.
Held in conjunction with the biennial Commonwealth Heads of Government Meeting (CHOGM), the CBF is a significant event on the Commonwealth calendar. It provides a special forum for bridging the divide between the public and private sectors, establishing an atmosphere that encourages cooperation and propels economic development among the 56 Commonwealth nations.
The Hon. Fiame Naomi Mata’afa, the prime minister of Samoa and the co-chair of CBF 2024, hosted the CHOGM and emphasized the value of working together as a Commonwealth to address common obstacles.
A communal and coordinated reaction will surely be necessary to address the numerous issues that we face together, including the ongoing repercussions of climatic disasters, global conflict, the lingering effects of COVID-19, the economic slump, high and growing debt, rising inflation, and inequality.
It is our responsibility as the Commonwealth to take advantage of this chance. We must realize our potential as a Commonwealth family, bound together by common ideals, passions, and pragmatic benefits. One of the most significant things we have in common is trade. Over one-third of the world’s population can benefit from trade and investment thanks to the Commonwealth’s unique location.
Lord Marland, the co-chair of the Business Forum and the chair of the Commonwealth Enterprise and Investment Council (CWEIC), emphasized the need of introducing CBF to the Pacific.
It is an opportunity not to be missed to bring CBF and the entire Commonwealth family to the Pacific, where they will be hosted on the remarkable, giving, and hospitable island of Samoa. To make sure that some of the most vulnerable states in the world are better served by the global economy, the Commonwealth’s voice on global issues like climate change, access to financing, and innovation can be a vital weapon. At the end of October, Samoa is the ideal location to investigate the opportunity that the Commonwealth brings.
As the premier business organization in the Commonwealth, CWEIC works with governments and companies to investigate these prospects and promote significant advancement with outstanding cooperation.
