Commonwealth Day 2024

Today, countries across the world are observing Commonwealth Day. An annual celebration by people in Africa, Asia, the Caribbean and Americas, as well as the Pacific and Europe.

The Commonwealth provides an abundance of economic opportunities. From access to a population of 2.5 billion, of which 60 per cent are under 30 years old and representing a billion middle-class consumers. The Commonwealth Advantage offers an average 21% lower bilateral costs for trading partners throughout the 56-strong association of countries.

Today marks the beginning of a week-long series of events including faith and civic gatherings, debates, school assemblies, flag-raising ceremonies and cultural events.

The theme for this year’s celebration is ‘One Resilient Common Future: Transforming our Common Wealth’.

As Price Bailey completes its second year as a member of the CWEIC, Simon Blake, Partner at Price Bailey comments:

As a strategic partner of the Commonwealth Enterprise and Investment Council, after another successful year, we’re looking forward to the year ahead.

We are excited to continue building on our international relationships through the opportunities the CWEIC presents, especially with our Indian and African partnerships.

Simon continues:

I’m making plans to visit Africa and we’re looking at ways we can better work with the Indian Investor market, this is especially timely, as we now have members of the partner team at Price Bailey spending longer periods in India.

The CWEIC is a great way to support these international growth ambitions, and we continue to see the benefit of this Commonwealth collaboration, for our firm and our clients.

Last year, as well as attending the third Commonwealth Trade and Investment Summit (CTIS), alongside Managing Director of Price Bailey, Martin Clapson, Simon attended the launch of the CWEIC Singapore Hub, whilst attending a series of meetings in Singapore with other CWEIC Strategic Partners and IAPA members.

Hosted by the British High Commission, the hub supports CWEIC Strategic Partners in the Singapore and ASEAN region.

Speaking back in April at the launch of the Singapore Hub, Simon said:

It was great to visit Singapore and build on our relationships within the CWEIC, supporting our clients orientated towards growth in international markets, as well as global clients looking for support with their UK business.

Simon continued:

As an organisation, Price Bailey invests heavily in its international relationships, with partners attending meetings and conferences pro-actively across the world and supporting our global clients from overseas offices such as our Dubai office.

Price Bailey has recently been appointed to act for a multijurisdictional African-based client who is looking to expand globally through a London-based holding company and ultimately, planning to list on the UK stock exchange.

This opportunity was won directly through our involvement with the CWEIC and reflects the real business value of involvement with the association, cultivating improved international relations and offering an opportunity to connect with businesses from across the Commonwealth.

To find out more about the opening of the CWEIC’s Singapore Hub, visit here.

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About Price Bailey

Price Bailey is a top 30 accountancy practice specialising in providing accountancy and business advice to enable the growth of regional, national and international businesses. In addition to traditional accounting services, the firm has a range of specialists in many areas, which combine to provide a complete, integrated business offering. These include tax consultancy, corporate finance, strategic planning, insolvency & recovery and employment law.

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