Commonwealth Trade Review 2021

Energising Commonwealth Trade in a Digital World: Paths to Recovery Post-COVID

Paperback: £45.00
978-1-84929-199-6

Commonwealth Trade Review 2021

Series Title: Commonwealth Trade Review Series
Number within series: 3
Publication date: 12 July 2021
ISBN: 978-1-84929-199-6
Pages: 207

Deepening intra-Commonwealth trade and investment can help drive economic growth, create jobs and increase the prosperity of Commonwealth citizens.

Commonwealth countries’ trade and investment have been affected significantly by COVID-19. The theme of Commonwealth Trade Review 2021 is ‘Energising Commonwealth Trade in a Digital World: Paths to Recovery Post-COVID’. This edition presents new empirical findings about the impact of the pandemic and practical recommendations to boost trade recovery and build resilience, especially by harnessing digital trade and digital technologies, utilising post-Brexit trading opportunities and promoting more sustainable green and blue economies.

Chapter 1 - Commonwealth Trade and the Pandemic
Chapter 2 - Digitalisation and Trade in the Commonwealth
Chapter 3 - The Impact of COVID-19 on Commonwealth FDI
Chapter 4 - Multilateral and Regional Trade Responses to the Pandemic
Chapter 5 - Pathways to Post-COVID Trade Recovery and Resilience Building



ContentsExpand or collapse me

Introduction
List of Figures
List of Tables
List of Boxes
Abbreviations and Acronyms
Overview
Executive Summary

Chapter 1: Commonwealth Trade and the Pandemic
1.1 Introduction
1.2 The Commonwealth’s global trade before the pandemic
1.3 Intra-Commonwealth trade before the pandemic
1.4 COVID-19 implications for Commonwealth trade
1.5 Trade performance of LDCs, IPOA and COVID-19
1.6 Commonwealth trade prospects towards 2022 39
1.7 Conclusion and way forward
Annex 1.1 Commonwealth export profile, 2019
Annex 1.2 COVID-19 impact on the GDP of Commonwealth economies, 2019–2022 (constant 2010 US$ million)
Annex 1.3 Immediate effect of COVID-19 on economic growth of Commonwealth countries, 2019 vs. 2020
Annex 1.4 Orientation of merchandise trade flows towards Commonwealth countries, 2005 vs. 2019 48
Annex 1.5 Commonwealth LDCs global and intra− Commonwealth export profile, 2019
Endnotes

Chapter 2: Digitalisation and Trade in the Commonwealth
2.1 Introduction
2.2 Digital trade in the Commonwealth pre-COVID-19
2.3 Investment in digital sectors in the Commonwealth
2.4 COVID-19 and digital trade
2.5 Broadening access to the internet and ICT usage
2.6 Conclusion and way forward
Endnotes

Chapter 3: The Impact of COVID-19 on Commonwealth FDI
3.1 Introduction
3.2 Commonwealth investment trends pre-COVID-19
3.3 The Impact of COVID-19 on Commonwealth FDI
3.4 Commonwealth FDI prospects to 2025
3.5 Conclusion and way forward
Annex 3.1 Concordance for fDi Markets industries to broad sectors
Endnotes

Chapter 4: Multilateral and Regional Trade Responses to the Pandemic
4.1 Introduction
4.2 The Commonwealth and trade multilateralism
4.3 COVID-19 and trade multilateralism
4.4 The Commonwealth and regional co-operation in times of crisis
4.5 Conclusion and way forward
Annex 4.1 Major trade agreements involving Commonwealth countries, 2018-present
Endnotes

Chapter 5: Pathways to Post-COVID Trade Recovery and Resilience Building
5.1 Introduction
5.2 Strengthen and reform the multilateral trading system
5.3 Enhance support measures for LDCs and graduates
5.4 Utilise new trading opportunities post-Brexit
5.5 Revive the tourism and travel sector, especially for small states
5.6 Leverage digital technologies for trade, development and competitiveness
5.7 Develop effective frameworks for governing digital trade
5.8 Develop a newly invigorated Aid for Digital Trade initiative
5.9 Digitise trade facilitation and strive for paperless trade
5.10 Promote sustainable trade and enable a more circular economy
5.11 Conclusion and way forward
Endnotes

Conclusion
References