The Commonwealth Business Council (CBC) was formed in 1997 at the Edinburgh, Scotland, Commonwealth Heads of Government Meeting (CHOGM). Its aim is 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, between developed and emerging markets and between large and small businesses, concentrating efforts on these specific areas:

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 facilitating access to international capital markets; strengthening 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 by working with emerging markets and developing countries to achieve economic growth and sustainable development.

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:

Bridge the digital divide 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.