Our Shared, Prosperous Future: An agenda for values-led trade, inclusive growth and sustainable jobs for the Commonwealth
An Inquiry Committee of distinguished experts has today published its Final Report examining the potential of the Commonwealth family of 53 nations to help its poorest countries and citizens to trade out of poverty, in line with the values of the Commonwealth Charter and the Sustainable Development Goals.
The Inquiry Committee –– co-chaired by Lord Jeremy Purvis of the UK and Hon. Okechukwu Enelamah, Minister for Industry, Trade and Investment of Nigeria
–– was established by the All-Party Parliamentary Group for Trade Out of Poverty and the UK Overseas Development Institute in September last year.
The central message of the Report is to call on Commonwealth leaders to establish a road-map for a major new Commonwealth work programme on trade and investment
for inclusive development at the CHOGM 2018 summit in London later this month. The Report highlights some of the big opportunities for learning and
economic co-operation between Commonwealth members, who include some of the world’s largest and richest nations as well as some of the smallest and
The Inquiry Report, Our Shared Prosperous Future: an agenda for values-led trade, inclusive growth and sustainable jobs for the Commonwealth, states
1. With 445 million of its citizens living in extreme poverty, there is a compelling case for the Commonwealth to do much more to promote shared prosperity and inclusive economic development.
i. 1 in 5 Commonwealth citizens live on less than $2 per day, twice the global average
ii. 31 of the 53 Commonwealth members are Developing Countries
iii. Extreme poverty is most widespread in Commonwealth Africa and South Asia
iv. 60% of the Commonwealth population is under 30 years old
2. The surest, most sustainable way to lift millions of people out of poverty across the Commonwealth is through boosting trade and investment, leveraging the group’s natural strengths and assets.
i. Combined Commonwealth GDP will double by 2030 reaching $20tn
ii. Intra-Commonwealth trade could grow from $525bn in 2015 to $3.86tn in 2030
iii. Developing countries’ exports in the Commonwealth have trebled since 2005
iv. Trade costs between Commonwealth countries are on average 19% lower
3. At the CHOGM 2018 Summit, Commonwealth leaders should grasp the opportunity and agree a major new focus on trade and investment for inclusive development, delivering in five priority areas:
i. Slashing the costs and risks of trade and investment
ii. Boosting trade in services through regulatory co-operation
iii. Making trade more inclusive for women, young people and SMEs
iv. Addressing the special needs of small and vulnerable states
v. Strengthening partnerships: Government, Business, Diaspora and Civil Society
Our goal is to bring people together to:
- build professional capabilities in trade
- elevate the profile of trade
- advocate the benefits and opportunities of trade
- facilitate networking
- improve the performance and success of companies in global trade
- boost the efficiency of trade processes.
Featured GTPA Member
Ziyaad Ebrahim, GTP
Ziyaad has close to fifteen years of experience in international trade and development.He joined the World Trade Organization (WTO) after serving 12 years in various positions within the Government of Seychelles, where he comes from.
During his time in the Government of Seychelles, he was directly involved in trade, investment and general economic policy formulation and implementation.He also has experience on WTO accession and was involved in FTA negotiations with the European Union and within the Eastern and Southern African region. He has also worked with international organisations such as the IMF, World Bank and the African Development Bank on Structural Adjustment Programmes, private sector and MSME development initiatives including gender empowerment projects.
In his current role with the WTO, he coordinates the work of the WTO LDC Group in the ongoing trade negotiations.He also monitors and assists LDC participation in specific areas of the negotiations which include Special and Differential Treatment (S&DT), fisheries subsidies, trade facilitation and LDC accession negotiations.
He is fluent in English and has working knowledge of French.
Ziyaad was one of the first people globally to be certified as a Global Trade Professional in the area of Trade Management.