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The theme of Commonwealth Trade Review 2018 is ‘Strengthening the Commonwealth Advantage: Trade, Technology, Governance’. It presents new empirical findings, rich insights and practical recommendations on how to boost the ‘Commonwealth advantage’ in trade and investment.
Fundamental changes are taking place in the global trade landscape, and the Commonwealth, with its diverse membership, is adapting to and coming to terms with these changes. Offering insightful perspectives on topical issues that can contribute to promoting the role of trade in development, Commonwealth Trade Review 2015 addresses these issues.
Fundamental changes are taking place in the global trade landscape, and the Commonwealth, with its diverse membership, is adapting to and coming to terms with these changes. This shifting landscape offers tremendous potential for Commonwealth countries to expand their trade – both between members and their overall trade. Although it is not a trading bloc, member countries can also take advantage of and leverage the Commonwealth for greater gains, while focusing on several broader priorities to improve their trade performance. Commonwealth countries offer insightful perspectives on topical issues that can contribute to promoting the role of trade in development. This Commonwealth Trade Review addresses these issues in four parts: Part 1 – The Commonwealth in a changing global trade landscape Part 2 – Intra-Commonwealth trade: emerging dynamics and opportunities Part 3 – Unleashing the trade potential: priorities for the Commonwealth Part 4 – Perspectives on topical issues in trade
Commonwealth Trade Review 2021, 'Energising Commonwealth Trade in a Digital World: Paths to Recovery Post-COVID', presents empirical findings of the impact of the pandemic and proposals to boost trade recovery and resilience, by harnessing digital technologies, post-Brexit trading opportunities, and promoting sustainable green and blue economies.
What are the characteristics of current intra-Commonwealth trade, and how can it be encouraged to grow?Trading on Commonwealth Ties identifies opportunities for stimulating trade within the Commonwealth, but warns against setting up a free trade agreement across the member states. Chris Milner argues that while the idea of trying to build a Commonwealth free trade agreement may hold enormous appeal, it is fraught with legal, administrative and political difficulties. He identifies improving trade infrastructure - particularly roads, railways and port facilities - as a key means of lowering trading costs and boosting trade both within the Commonwealth and with non-Commonwealth countries.Intra-Commonwealth trade currently generates about US$225 billion a year in export trade for member countries, which is equivalent to about 16 per cent of Commonwealth countries' total exports. This is a substantial volume of trading activity, but overall the bulk of Commonwealth countries' trade is with countries outside the Commonwealth. Nonetheless, for some countries, like Botswana, Namibia, Papua New Guinea and Samoa, intra-Commonwealth trade remains significant as it represents in excess of 70 per cent of their international trade.This book will be of interest to economic planners, researchers and policy-makers in all Commonwealth countries.
This review demonstrates that economic and governance ties in the Commonwealth, interwoven as they are, provide ready and robust foundation fabric from which collectively as a family of nations we can tailor a future that is fairer, more sustainable, more prosperous and more secure. Trade and investment flows among our members are strong and continue to grow. Despite the unexpected contraction in world trade since our 2015 Trade Review, intra-Commonwealth trade in goods and services, and productive 'greenfield' investment, is growing fast and projected to exceed US$1 trillion by 2020.