Commonwealth seeks to grow trade by $6.5 trillion in five years

Intra-Commonwealth trade is expected to expand by $6.5 trillion in the next five years from the current $13 trillion, as the group seeks to strengthen both trade and investment ties between the 54 member countries.

Figures by the Commonwealth Secretariat show that trade costs within the Commonwealth are on average 21 percent lower, while investment flows are 27 percent higher than those between other country pairs.