Speech by the Prime Minister of the Commonwealth Business Forum

Your Excellencies,

Ladies and Gentlemen,

how wonderful it is to be here in Kigali for our long-delayed family reunion as the British Community

I’m sorry to say I missed dancing last night, Jonathan, I’m so glad to see you doing funky stuff the way you were. Let’s hear it about Jonathan Marland on the dance floor

By the way, the weather in Rwanda today is absolutely wonderful, but I have to tell you, here are some amazing statistics – it’s actually hotter in London – or so my staff told me.

This is a very timely meeting, as Jonathan has just said that we have all come out of the misery of blocking covid and look at what is happening in the world today – unfortunately we still see economic pressure

And we see jumps in the price of energy, jumps in the price of food and fertilizer

I just talked about this with Paul Kagame

But what if there was a miracle fertilizer, a fertilizer for the business that grew your business, that expanded your profits and reduced your expenses by 21%

There is such a fertilizer and I will tell you the ingredients

It is completely harmless, organic, no phosphates, no nitrates, will not cause algae blooms

I will tell you what the ingredients are, it is a common language, it is a familiar sense of our legal and administrative systems, it is a shared sense of mutual trust between us,

and this fertilizer is called Commonwealth

I can prove it

this fertilizer lowers 21 per cent of the cost of trade between members of the British Commonwealth. That’s a 21 percent increase in profits if you make deals between the British community

that’s 21 percent efficiency without the cost of management consultants

And now is the time, my friends, to recharge these benefits,

because over the next five years,

The total GDP of the British Commonwealth is expected to grow by nearly 50 percent to $ 19.5 trillion.

And these are the markets, the super-fertilized markets, which will stimulate growth and prosperity and create jobs in our countries,

and at the same time help alleviate the pressures we all face on the cost of living.

So we’re moving forward,

We are also concluding free trade agreements in the United Kingdom in the United Kingdom:

we made Australia,

we made New Zealand,

we will make a deal with India from Diwali,

We have signed free trade or economic partnership agreements with 33 of our friends in the British Community – so far –

and through the Trans-Pacific Partnership,

we are looking for new deals with Malaysia and Brunei.

By the way, it’s fantastic to see the birth of the African Free Trade Area, wouldn’t that be a wonderful thing

It will be the largest in the world,

1.3 billion people,

promising to lift 30 million out of extreme poverty

and generates $ 450 billion for African nations,

which, by the way, is far more than Africa could ever receive as development aid.

And I massively support this new free trade area in Africa,

I remember that the United Kingdom helped create a European free trade area many years ago, which was then taken over by something called the European Union, but nothing that

By the way, I do not necessarily advise you to turn the African Free Trade Area into a single currency, but I leave that entirely to you. And this will be a matter entirely for Africa.

But we want to support this project and we support the new secretariat in Accra,

and whereas African countries are removing trade barriers from their borders,

we facilitate sales in the UK

because on July 6

we are launching a new preferential trade system for 65 developing countries,

including Rwanda and 17 other members of the British Commonwealth.

liberalization of our tariffs, elimination of those meaningless tariffs, which are completely annoying, the collection of which costs more than the income you receive from them

eliminate inconvenient tariffs – they exist

and improving our rules of origin to make it easier for all our countries to benefit.

And what I feel so strongly about the British Community is that it’s not just about imports and exports – it’s about the partnerships we build

it is about doing more together to ensure that everyone thrives on the new green industrial revolution.

I am proud to say that I saw some of you at the Africa Investment Summit in London in 2020, remember this – just before the covid hit, a moment of genuine optimism

I want you to know that we will do the same next year and I hope to see you again in London next year

and it’s great to announce

that British International Investment is investing £ 160 million in hydropower in Africa,

creation of 180,000 jobs, including here in Rwanda,

while reducing carbon emissions, generating electricity for 3 million people.

Many African countries, I mentioned the sun in London today – it is exceptional – I hope you understand that I do not brag about the sun in London, it is not as consistent as it is here in Africa

And many African countries are blessed with the ability to power their economies entirely from hydro, solar and wind energy.

Amazing fact, Uhuru told me that Kenya already gets 90 percent of its electricity from renewable sources

and aim for 100 percent by 2030.

And I see a fantastic future for all of us in these initiatives, for all of us

And we, with our initiative for pure green in the UK, want to be the chosen partner of our African friends

as you transform millions of lives with modern infrastructure,

meeting the highest standards of transparency and environmental protection.

And this is because the free enterprise generates resources for better health and education, which we are trying to do, better results for our people

that here in Rwanda

infant mortality has decreased by almost 80 percent since 2000,

nine out of ten people have health insurance in this country,

almost every child goes to school.

And this is the future we want to build together

And all I will see in conclusion, friends, is that we in the UK have the technology,

The City of London certainly has the finances,

the government I am proud to lead has the will,

and our wonderful wonderful British community, this great institution, has a super fertilizer to spray in this exceptional group of countries

and above all, to help you build a new Africa,

sharing your optimism that the people of this continent

and every member of the British Commonwealth

it can thrive and prosper from free trade and free enterprise.

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