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The Commonwealth Business Council (CBC) was formed at the Edinburgh CHOGM in 1997. The aim was to utilise the global network of the Commonwealth more effectively for the promotion of global trade and investment for shared prosperity. 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 . 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 WTO , 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 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 . Major goals include:
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:
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