On October 23, UK Foreign Secretary David Lammy, speaking at the CHOGM Samoa Business Forum, announced two major initiatives: a Commonwealth Plan of Action for Finance and Investment and establishing a Commonwealth Standards Network. These efforts aim to strengthen financial cooperation and standardize trade practices across Commonwealth nations.
In an update to these announcements, the UK unveiled a broader package designed to increase intra-Commonwealth trade and investment, featuring a Commonwealth Investment Network and a dedicated hub in India to support female-led businesses.
Following the Commonwealth Heads of Government Meeting (CHOGM) in Samoa, the UK’s Foreign, Commonwealth, and Development Office (FCDO) shared a vision focused on fostering “shared prosperity” among the 56-member Commonwealth. This includes empowering youth with education and skills training, strengthening democratic governance and human rights, and supporting climate resilience for vulnerable countries.
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