The Commonwealth Business Forum (CBF) 2013 to be held in the Sri Lankan capital in November will bring investment opportunities to the island, the Chairman of the Commonwealth Business Council, Dr. Mohan Kaul said. It will take place in Colombo, Sri Lanka on 12-14 November 2013 in conjunction with the Commonwealth Heads of Government Meeting (CHOGM).
Dr. Kaul last week held a discussion with the Minister of External Affairs Professor G.L. Peiris and representatives of Chambers of Commerce and Industry in Sri Lanka on the arrangements for the meeting of the Commonwealth Business Council which organizes he forum with Sri Lanka.
He says that Sri Lanka will receive about US$ 2 billion investment income by hosting the event and the even will provide Sri Lanka an opportunity to invest in other Commonwealth countries as well.
The theme of CBF 2013 is “Partnership for Wealth Creation and Social Development: The Commonwealth, Indian Ocean and SAARC”.
The Forum is the premier business event in the Commonwealth bringing together Heads of Government, Ministers, and top business leaders from around the world and will be attended by over a thousand delegates.
The CBF is co-organised by the Commonwealth Business Council (CBC) and the Government of Sri Lanka and forms a part of the overall CHOGM programme. It will provide a valuable opportunity for high level dialogue on trade and investment between business and government leaders from the Commonwealth and beyond. The Forum will be opened by the President of Sri Lanka, and will be addressed by Commonwealth Heads of Government.
The CBF is a major global business event, coming at a critical time as the developed world continues its efforts to secure recovery from recession, tackle the challenges of maintaining open markets, and when emerging markets are enjoying a greater prominence on the world stage than ever before. The Forum will be a key event in developing stronger partnerships between governments and business to ensure that the Commonwealth plays its part in promoting sustainable growth to the benefit of the whole of global society.