The CWEIC is commissioned, by the heads of the 53 Commonwealth governments, to work for the development of prosperity within the Commonwealth through trade and investment. The organization is a field of entrepreneurship for the Commonwealth and is the main business entity whose job is to interconnect the public and private sectors of the Commonwealth in a business context.
Based in the United Kingdom, CWEIC has an ever-expanding international presence in Malaysia, Malta, Nigeria and Singapore and plans to consolidate its presence in ten countries by 2020. As a member organization, CWEIC assists its strategic partners through the access it provides to its dedicated network for the purpose of establishing and enhancing commercial and governmental relations between Commonwealth markets.
As a union of 53 countries spanning 5 continents, the Commonwealth includes some of the world's fastest growing markets. Cyprus' unique position as a member of both the European Union and the Commonwealth creates a multitude of opportunities for Cypriot companies seeking to expand their activities related to the Commonwealth's internal trade. According to studies, trade between Commonwealth countries is on average 90% cheaper, including exports of the services sector, one of the key pillars of the Republic of Cyprus. Through its Strategic Partnership, CWEIC aims to assist Emilianides Katsaros LLC in capitalizing and exploiting the range of business and investment opportunities that emerge at the same time in the Commonwealth's developed and emerging markets, promoting its commerce and strengthening its role within the Commonwealth.