CommonwealthFirst has been established by the Commonwealth Enterprise and Investment Council (CWEIC) to encourage small and medium enterprises (SMEs) to trade and invest across the Commonwealth; a market comprising 53 English speaking countries with a combined population of 2.2 billion – at least 60% of whom are under the age of 30 – and a combined GDP of approximately US$9.6 trillion.
The Commonwealth Factor, with its shared language, complementary legal systems and business practices, helps make trade on average 19% cheaper between member countries according to recent research by the Commonwealth Secretariat. By 2020 Commonwealth trade is expected to double to US$1 trillion.
Over the next three years 100 leading UK SMEs will be selected to become Commonwealth Export Champions. Through intensive training, mentoring, trade missions and business development support, Export Champions will be supported in their quest to win new business in the fast growing Commonwealth markets. Their success will be showcased as an encouragement to the wider business community to make greater use of the Commonwealth network.
The vision is to replicate the programme in markets across the Commonwealth.
For more information and to apply to become a Commonwealth Export Champion please visit www.commonwealthfirst.org