CHOGM adopts connectivity agenda for trade

In response to the risks to growth presented by rising protectionism, leaders at the Commonwealth Heads of Government Meeting (CHOGM) expressed on Saturday their strong support for the multilateral trading system.

They adopted a six-point connectivity agenda to boost trade and investment links across the Commonwealth, reports BSS.

Leaders committed themselves to the vision of increasing intra-Commonwealth trade to US$2.0 trillion by 2030, and expanding intra-Commonwealth investment. This is to be achieved through the Commonwealth Connectivity Agenda for Trade and Investment, said a media release.

The Commonwealth Connectivity Agenda will leverage the Commonwealth Advantage by creating a forum for Commonwealth countries to exchange best practices,

approaches and experiences to trade and investment. This cross-fertilisation will contribute to further reducing trade frictions among the members.