Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
Commonwealth Business Council executive visits Bahamas

Sir Alan Collins, director general and chief executive of the Commonwealth Business Council, visited government officials and business leaders on a visit to the jurisdiction. The council was devised to promote business between Commonwealth countries. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Thursday, May 10, 2012
Thursday, May 10, 2012

Sir Alan Collins, director general and chief executive of the Commonwealth Business Council paid a courtesy call on Marilyn Zonicle, Undersecretary in the Ministry of Foreign Affairs, Head Multilateral Relations/Organisations (Political Division), at the Ministry of Foreign Affairs, May 7, 2012.

Sir Alan Collins, director general and chief executive of the Commonwealth Business Council paid a courtesy call at the Ministry of Foreign Affairs

Sir Alan Collins, director general and chief executive of the Commonwealth Business Council paid a courtesy call at the Ministry of Foreign Affairs in The Goodman’s Bay Corporate Centre May 7, 2012. Pictured are Marilyn Zonicle, Undersecretary in the Ministry of Foreign Affairs, Head Multilateral Relations/Organisations (Political Division), and Sir Alan. (BIS Photo/Kristaan H A Ingraham II)

During the courtesy call Sir Alan explained the importance of the Commonwealth Business Council.

He said the council could help Commonwealth countries with creating and maintaining business opportunities, as a third of the world’s population is in the Commonwealth, and 20 per cent of the world’s trade flows are between Commonwealth countries.

“A study by Reading University shows that the cost of doing business between Commonwealth countries is 20 per cent less than doing business with non-Commonwealth countries,” he added.

Sir Alan explained that the advantages stem from the fact that the rules of law, the system and the language are all the same, making it much easier for Commonwealth countries to do business with each other.

He said every time there is a Commonwealth Heads of Government Meeting, the Commonwealth Business Council organizes a business forum.

The most recent forum was held in Perth, Australia in October 2011.

Sir Alan said 1,400 businesses attended the forum, including 80 Chinese companies.

Numerous Heads of State, Trade Ministers, Foreign Ministers, captains of industry, and two Nobel Prize Winners spoke at the event.

During his visit to The Bahamas, Sir Alan also paid a courtesy call on Governor General Sir Arthur Foulkes, and met with the chairman of the Grand Bahama Port Authority (GBPA), Ian Fair, to talk about the possibility of the GBPA working together with the council on projects surrounding port development.

Flying Fish restaurant on Grand Bahama uses molecular gastronomy to produce its sustainable menu. See an interview with the owners Rebecca and Tim Tibbits here.

ZNS news broadcast network reported this week that the international election observers from the Organization Of American States said that they were satisfied that the 2012 Bahamian elections were free and fair. Watch the news report here.

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD