In May 2022, Asia Investment Research, a research organisation jointly set up by the investment finance firm China Investment Research and Dezan & Shira Associates, issued a special Economics and Trade feature titled “Bangladesh Trade, Development & Economic Prospects in the Emerging Asian-European Supply Chain”
The Commonwealth Secretariat Strategic Plan 2021/22-2024/5 is a collaborative results framework publication drafted by the Commonwealth Secretariat. It is based on the principles of the Commonwealth Charter, the previous Strategic Plan (2017/18-2020/21), notes and recommendations from the Executive Committee and Board of Governors, internal and external documents such as the Forum of Small States, and mandates drafted during the Commonwealth Heads of Government meetings in the past decade.
The world can not recover from the impact of COVID-19 without an effective rules-based trading system that is both inclusive and sustainable. It will require members of the World Trade Organisation (WTO) to work in conjunction towards galvanizing multilateral trade to equip the Commonwealth states, as well as the rest of the world should they wish to partake, for any trade issues that may arise.
Undoubtedly, trade is an essential element of sustainable economic development which has alleviated millions of individuals out of poverty worldwide. The importance of global trade to universal prosperity is showcased in the WTO’s membership which, over the 25 years since its establishment in the 1994 Marrakesh Agreement, has increased to 164 members, including 50 Commonwealth states, collectively constituting 96 per cent of global GDP.
The importance of foreign direct investment (FDI) for both intra-and-extra Commonwealth trade cannot be overstated, especially concerning global value chains (GVCs) structure and operations. FDI supports domestic firm participation in global networks of production and provides a channel for them to gain access to international markets partially via facilitating their integration into trans-border supply chains.
The Commonwealth’s share in global ICT goods fell from 14.5 per cent in 2010 to 11.7 per cent in 2019 albeit in absolute value terms it increased from US$522.1 billion to US$547.7 billion.
“Global Attitudes to Islamic Wealth Management” is an enlightening and unprecedented report compiled by Jersey Finance, a not-for-profit organisation representing Jersey as an international finance centre (IFC), in partnership with Gateway Global, a team of Shari’a experts, lawyers, financiers, accountants and regulators well versed in multi-jurisdictional legal practice.
The Trade Review investigates the impact of the COVID-19 pandemic on Commonwealth trade performance and outlook on recovery. It also offers policy revisions and guidelines for policy-makers and businesses.
This newsletter and presentation is an overview of Islamic Banking which is particularly relevant to the 730 million or so members in the Commonwealth, and a guide for non-Muslims to Islamic banking practices.
Commonwealth Secretariat report on impact of COVID-19 on maritime trade and post-pandemic recovery policies
On 26 June 2021, the Commonwealth Secretariat released a study on oceanic trade and port rankings. It surveys impacts of the pandemic and other factors, and highlights policy gaps for effective trade growth.