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Identifies opportunities for stimulating trade within the Commonwealth, but warns against setting up a free trade agreement across the member states. This book argues that while the idea of trying to build a Commonwealth free trade agreement may hold enormous appeal, it is fraught with legal, administrative and political difficulties.
List of contents
Acronyms and AbbreviationsSummary1. Introduction1.1 Context1.2 Objectives of the Study1.3 Outline of the Report2. Analysis of Intra-Commonwealth Trade Flows2.1 Introduction2.2 Volume and Direction of Commonwealth Countries' Trade2.3 Evolution of Intra-Commonwealth Trade2.4 Composition of Trade2.5 Summary Conclusions3. Trade Policy Relations within the Commonwealth3.1 Introduction3.2 The WTO and Multilateral Commitments3.3 Regional Trade Groupings3.4 Non-Reciprocal Preferential Schemes3.5 Other Bilateral and Preferential Arrangements3.6 Summary Conclusions4. Barriers to Intra-Commonwealth Trade4.1 Introduction4.2 Market Access Conditions4.3 Domestic Policy Barriers to Exporting4.4 Other Domestic Barriers to Exporting4.5 Other International Barriers to Exporting4.6 Summary Conclusions5. Trade Potential among Commonwealth Members5.1 Introduction5.2 The Modelling Approach 5.3 Comparison of Actual and Potential Trade5.4 Summary Conclusions6. Policy Options and Recommendations for Promoting Intra-Commonwealth Trade6.1 Introduction6.2 Extending Preferential Trade Policies in the Commonwealth6.3 Trade Facilitation within the Commonwealth6.4 The Commonwealth and Trade Policy Capacity Building6.5 Summary Conclusions7. Summary ConclusionsReferencesAppendices1. Income and Development Status of Commonwealth Countries2. Extending Preferential Trade Policies in the Commonwealth 3. Sample of Commonwealth Countries Used in Gravity Modelling4. Matrix of 'Over-trading' Pairs of Commonwealth Countries and Regions5. Intra-Commonwealth Trade Potential Identified Relative to Exporting Country's Current Exports
About the author
Chris Milner is Professor of International Economics and Head of School, School of Economics and Globalisation and Economic Policy Centre, University of Nottingham
