President Maithripala Sirisena to meet UK Prime Minister Theresa May

President Maithripala Sirisena to meet UK Prime Minister Theresa May

President Maithripala Sirisena to meet UK Prime Minister Theresa May

Yet risks remain. Global growth is fragile.

"The 2018 Commonwealth Trade Review predicted that trade between member states will be worth Dollars 700 billion by 2020?". Ahead of the formal Heads of Government Meeting on Thursday and Friday, there will be three days of forums on Business, Women, People and Youth. India's trade with Commonwealth nations is 20 per cent of its global trade basket. It is hoped that the new focus on trade and investment will help raise intra-Commonwealth trade from around $525 billion in 2015 to $700 billion by 2020.

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The UK, which is the Chair-in-Office of the Commonwealth for two years, also unveiled a range of new initiatives and networks to mark the launch of CHOGM. The Commonwealth had the opportunity to work together to "remain vigilant of the destabilising forces" globalisation could unleash on communities, risking perpetuating the view that globalisation only benefited the global elite rather than leading to global prosperity.

The President Sirisena is due to hold an official bilateral meeting with the UK Prime Minister Theresa May later today (April 17).

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"With its unique scope and global voice, such a Commonwealth can set a powerful example to the world, one that demonstrates and underlines the importance of protecting free trade and the rules-based worldwide order", UK Prime Minister Theresa May told a packed hall of business and government leaders. India considers that the Commonwealth comprises of a very diverse set of 53 countries ranging from small island developing states to some of the most advanced industrialized countries of the world.

Tripartite or bilateral cooperation for collaboration in third countries is also of significant interest, with new models of collaboration between India and the United Kingdom, focusing on joint projects and investments in African countries.

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