April 7, 2006
Frank Stronach, Chairman, Magna International Inc.
Sinclair Stevens, President, the Commonwealth Advantage
John Reid, President, CATAAlliance
Commonwealth Business Growth
Dear Prospective Partners,
We would like to give you a brief background on a new opportunity that could drive business prospects from more than 50 Commonwealth countries to your firm.
In considering Canada's greatest growth opportunities among the world's four largest trading blocks, the Commonwealth is second only to NAFTA for Canadian firms. It has 13 of the world's fastest-growing economies, one-third of the world's population, and a combined GDP and business asset base equivalent to that of the United States. Because the language, banking, accounting and legal systems, and parliamentary government are similar among the countries of the Commonwealth, it can be hailed as the world's first "domestic global economy". Studies have estimated that dealing within the Commonwealth presents on average a 15% cost advantage over dealing outside the block.
The Commonwealth Advantage is a one-stop business-to-business matchmaker for companies looking to trade, or partner with, other firms and public sector organizations in the 53 Commonwealth countries. The Commonwealth Advantage was founded in Canada by business leaders. It is a private-sector, member-based association that seeks to lever ties within the Commonwealth to build practical business advantages for businesses. It is a non-profit organization sponsored by the Royal Commonwealth Society of Toronto Foundation and the Toronto Branch of the Royal Commonwealth Society. The Canadian Commonwealth Advantage provides a unique ability to bridge barriers to international trade and promote successful global business strategies.
It works in partnership in Canada with the country's largest high-tech business organization, the Canadian Advanced Technology Alliance (CATA). In its 30 years as a growth engine for all sectors of the high-tech industry in Canada, CATA has expanded to a community of more than 22,000 business executives across the country. More information can be found at: http://www.cata.ca
Note that our founding partners include Magna International that can share insights into the company's highly successful corporate structure into the corporate Commonwealth world.
We believe it is possible to structure Commonwealth corporations which will be unique organizations with new approaches to employee relations, management and the use of the internet with taxation advantages.
We believe you will find the Commonwealth Advantage concept exciting and beneficial as a business growth resource.
Please call Barry Gander, EVP of the Commonwealth Advantage and CATA at 613-220-1368 to schedule a convenient meeting time.