Britain’s Growing Role In World Trade: Using The Commonwealth Advantage

Find out more on our website: https://bit.ly/3wWXVvr There is a ‘Commonwealth Advantage’. A Commonwealth country’s trade with another member is likely to be a third to a half more than with a non-member – so concluded an influential 2010 paper, “Trading Places: The ‘Commonwealth Effect’ Revisited” by Joanna Bennett, Paul Chappell, Howard Reed, and Dhananjayan Sriskandarajah, sponsored by the Royal Commonwealth Society and the Worshipful Company of World Traders. The UK experienced the Brexit vote of 2016 and leaving the EU in 2021, while the world has experienced a tremendous amount of geopolitical change, even war. Trade agreements proliferate, while trade relations become more fraught and less multi-lateral. Some pundits claim that globalisation is going into retreat. How can the UK grow its role in world trade using this Commonwealth Advantage? This webinar draws upon the work of Lord Marland and the Commonwealth Enterprise & Investment Council in growing the business and economic links among Commonwealth countries to explore what the future of intra-Commonwealth trade may hold, and what the role of the Commonwealth as a trade association might presage. Speaker: Lord Marland is chairman of the Commonwealth Enterprise and Investment Council. He retired as the Prime Minister’s Trade Envoy and chairman of the business ambassador network on 1 January 2014. Lord Marland is the former chairman of the Commonwealth Business Council and was Minister for the Department of Energy and Climate Change in 2010 and subsequently for the Department for Business, Innovation and Skills. Lord Marland was one of the founding directors of Jardine Lloyd Thompson plc a multinational insurance business, and he founded the Jubilee insurance company. He led the acquisitions of: Janspeed Ltd (automotive engineering and manufacturing) Hunter Boot Ltd Insurance Capital Partners Jubilee Insurance Ltd WH Ireland Ltd (stockbroker) Wisden Cricketer Ltd Tamara Mellon, LLC (fashion) He is Chairman of Tickets for Troops and the Churchill Centre, President of The Commonwealth Youth Orchestra and Choir, Trustee of Peggy Guggenheim (UK) and Atlantic Partnership, and Patron of Salisbury and South Wiltshire Cricket.