PRESS RELEASE BY THE OFFICE OF THE DEPUTY PRIME MINISTER AND MINISTRY FOR FOREIGN AFFAIRS AND TOURISM “In a world of economic uncertainty, readiness is power” — Deputy Prime Minister Borg addresses the Commonwealth trade summit

Malta appoints Government Envoy for Commonwealth trade and investment

“The question is not whether the established trade system is fragmenting. That is already happening. The question is what we build in its place. Because in a world of uncertainty, readiness is power.” Deputy Prime Minister and Minister for Foreign Affairs and Tourism, Ian Borg emphasised the strategic importance of securing trusted networks for trade readiness and resilience, in a keynote address at the opening of the Commonwealth Trade and Investment Summit, in London, on Monday morning. 

He explained that trade is being redefined, as it is no longer just about efficiency or returns, but it is now focused on security, resilience, and strategic positioning. 

“We are moving from globalisation to selective interdependence. From open flows to trusted corridors. Supply chains are now strategic assets. And those who build trusted partnerships, mobilise capital, and deliver outcomes will shape the future,” Dr Borg affirmed, as he reiterated the critical role of the Commonwealth’s network of 56 countries in fostering these vital connections. 

The Maltese Deputy Prime Minister, currently also serving as the Chairperson of the Commonwealth Ministerial Action Group (CMAG), announced that Malta has appointed Dr Michaela Muscat Spaak as its first Government Envoy dedicated to Commonwealth trade and investment. Through this new role, the Envoy will support local businesses in unlocking opportunities and facilitating real connections across the Commonwealth.

Ahead of CHOGM 2026 later this year, Dr Borg urged member states to move from connection to conversion, to act without delay and accelerate partnerships, unlock investment and deliver growth across the Commonwealth. Malta is already embarking on this path, as an open economy at the crossroads of regions, as a member of the European Union, and a natural bridge into the Commonwealth.

“Malta has built strength in sectors driven by connectivity, financial services, logistics, aviation and maritime domains. We are moving from volume to value. And the lesson is simple. It is defined by the ability to connect, adapt, and deliver. And critically, by the ability of the state to act — to align sectors, to de-risk investment, and enable delivery,” he stated. 

Through the Malta Vision 2050, the country is building an economy that is agile, flexible and prepared for a more complex world, he added. 

Deputy Prime Minister Borg listed four crucial steps towards readiness and resilience — building trusted trade networks; aligning capital towards resilience, climate adaptation and digital infrastructure; strengthening states’ effectiveness; and implementation through partnerships, “because no single actor can manage this transition alone.”

In London, Dr Borg also met with Lord Marland of Odstock, the Chairman of the Commonwealth Enterprise and Investment Council, and other Commonwealth leaders.