The Commonwealth Business Council (CBC) has confirmed that it will hold its Commonwealth Business Forum in Sri Lanka next year.
The CEO of the CBC, Dr Mohan Kaul, is currently on a visit to Sri Lanka and called on president Mahinda Rajapakse on Wednesday, reported ColomboPage.
The Commonwealth Business Forum is planned for November, on the sidelines of the Commonwealth Heads of government Meeting (CHOGM).
Speaking during a meeting with Minister of Industry and Commerce Rishad Bathiyutheen, Dr. Kaul said that the forum will bring an important business audience to Colombo.
"It (the forum) will highlight global economic partnerships for trade and investment, providing an opportunity to attract an important business and trading audience to Colombo.
"The 54 member country backed Commonwealth Business Forum will be looking at both traditional and non-traditional trade linkages for the participants. As many emerging markets are transforming into real markets, it is time Commonwealth knows what Sri Lanka's business priorities with its member nations and vice-versa.
"There is also scope to meet the needs of Commonwealth member country by another member country. For instance, there is strong need of knowhow, training and technology for Nigeria's apparel and textile sector which Sri Lanka can readily and profitably fulfill. In fact, the 600 million middle class in Africa is a very promising market for emerging economies such as Sri Lanka."
