Latest content: Trade and economy

Annual transfers of money by foreign migrant workers to their home countries play a huge role in many countries. These remittances provide income support for family members back home and, in some cases, provide funding for start-ups. Remittances are also a source of foreign exchange reserves for developing countries and they help contain trade balances and widen the revenue base through increased consumption

Trade ministers and business leaders from across the Commonwealth will gather virtually to examine how they can work together to spur a digitally-inclusive and green recovery in the face of devastating economic impacts linked to COVID-19.

More than 90 government officials from 11 nations have gained new skills that will help them make sound decisions on petroleum field development plans submitted by oil companies, to ensure they promote sustainable development.

Pacific Trade officials have wrapped up a two-day virtual workshop on the World Trade Organisation (WTO) Trade Facilitation Agreement aimed at reinvigorating intra-regional and global trade post Covid-19.

The Commonwealth Secretariat and the United Nations Conference on Trade and Development (UNCTAD) have joined forces to create a pioneering resource to support countries facing tough decisions on public debt. 

In Africa, micro, small and medium-size enterprises (MSMEs) in the informal economy are particularly vulnerable to economic impacts of the COVID-19 pandemic.

The world is bracing for a massive hit to the global economy in the wake of the coronavirus (COVID-19) pandemic.

Some of the Commonwealth’s top entertainers and sporting stars joined Queen Elizabeth and other members of the Royal Family at a multi-faith service to celebrate Commonwealth Day.

News and events from around the Commonwealth this week.

Philda Maiga was deployed as a national trade adviser to Kenya from 2014 until 2019 under the Hub and Spokes Programme. Providing technical support to the Ministry of Industry, Trade and Cooperatives, she shares insights from her experience in supporting the development of Kenya’s first ever national strategy to combat illicit trade.

Implementation of international commercial arbitration mechanisms could significantly strengthen and increase trade in the Commonwealth.

Trade wars, protectionism, and nationalist rhetoric are combining to weave the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the 1950s – and history suggests we should take this as a warning that a debt crisis could be looming.

Trade ministers from across the Commonwealth today made a commitment to resist all forms of protectionism, and to work urgently together towards reforming the World Trade Organisation, which sets the global rules for international trade.

Consultations opened today in Lilongwe, Malawi on the design of a new strategy to boost the country’s exports in regional and international markets.

Trade ministers and senior officials from 53 Commonwealth countries will gather in London to explore strategies for deepening trade and investment, while supporting a transparent, inclusive, fair, and open rules-based global trading system.

Officials from across the Commonwealth have gathered to discuss how they can boost trade and investment links across the 53 member countries.

The Commonwealth will assist the East African Community (EAC) in implementing the authorised economic operator programme, which will offer easier customs clearance for exporters in the region.

Senior trade officials wrapped up two days of consultations in Singapore, focussing on how Asia-Pacific countries could better harness trade policy to strengthen global trade links and step up participation in regional and global value chains.

Policy makers and representatives of small and medium-sized enterprises (SMEs) from more than 20 Commonwealth countries are meeting in Nairobi, as trade between member states continues its upward trajectory.

Committed to achieving $2 trillion worth of intra-Commonwealth trade by 2030, policymakers from across the Commonwealth agreed to use good regulatory practices (GRPs) to boost trade and help businesses flourish.