The Commonwealth Secretariat 2018 Trade Review presentedat the Commonwealth Heads of Government Meeting (CHOGM) revealed thatintra-Commonwealth trade in goods and services was US$560 billion in 2016; aslight reduction from 2015 figures due to the effects of the slowdown in world tradegrowth.

However, intra-Commonwealth trade is rising and is now 20 per cent ofCommonwealth countries’ total trade with the world. This underlines the growingsignificance of Commonwealth markets for many member countries.