Commonwealth Business Forum


Commonwealth Business Forum (CBF) was organized by The Commonwealth Enterprise and Investment Council and the Government of the United Kingdom in London since 1997.Commonwealth Business Forum (CBF) is an essential part of the Commonwealth Heads of Government Meeting (CHOGM). It will attended by 5,000 top leaders from business, politics, academia and culture.
First of all, the aim of Commonwealth Business Forum (CBF) to build stronger partnerships to establish that the Commonwealth plays its role in developing sustainable around the globe. The objective of Commonwealth Business Forum (CBF) is to trade and investment leadership with Government to solve the issues that the country is facing. It is also to maintain the relationship between the private sector and Government. Commonwealth Business Forum (CBF) is to achieve Goals 8 that are decent work and economic growth.
Besides that, Malaysia is propose to the idea of a multi-lateral Free Trade Agreement between 52 Commonwealth nations, said by Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan. He said that such an agreement was proposed by the commonwealth nations who were looking to form a new trade platform, after Britain decided to withdraw from the European Union. The Commonwealth countries are talk about trade facilitation, but for the combination that will not take place anytime in recently because there are some challenges as some of the Commonwealth countries are less developed nations. Malaysia are propose to as many Free Trade Agreement as possible as Malaysia has been asked to be the host of this event. (www.theedgemarkets.com/article/malaysia-open-FTA-among-Commonwealth-nations-minister)
Moreover, CIMB Group chairman Datuk Seri Nazir Razak say about the ease of dealing a business at the Commonwealth business forum in London. Besides that, BDB Land Sdn Bhd signed a memo of understanding with EM Opulence Sdn Bhd on land lease for the operation of Petron petrol station at the Axis Commercial Hub. Malaysia Aerospace Industry Association (MAIA) also has signed a memo of understanding with the Aerospace Industries Association of the Philippines (AIAP) to strengthen aerospace related business opportunities between the two countries. Besides, Ambank Group won two awards at Malaysian e-payments Excellence Awards and group CEO Datuk Sulaiman Mohd Tahir received the award from Bank Negara governor Tan Sri Muhammad Ibrahim.(www.pressreader.com/malaysia/the-star-malaysia-starbiz/20180421/281771334789317)
In my opinion, it is good to maintain Business forum as it can know how the trade and investment among the Commonwealth countries. It is also can maintain the relationship of economic among Commonwealth countries. It can also help to solve the problem that is facing in the country.