TTP

About This Video

We’re in Windhoek as official media partners for the 2025 Commonwealth Business Summit, the first time this flagship gathering is being held on African soil.

Straight after the opening panel, we caught up with Chris Southworth (ICC United Kingdom), who called The Commonwealth a “bastion for the trading system,” connecting economies and opportunities, and reinforcing the role of multilateralism in global trade.

There is drive for intra-Commonwealth trade to reach $2 trillion by 2030, but this will demand action: from digitising trade systems to unlocking finance for MSMEs and delivering bankable, investable projects across all 56 member states.

Key Topics

  • Trade within the Commonwealth and how countries work together
  • The importance of trade for jobs, investment and economic growth
  • The role of the rule of law in supporting business and trade
  • Global trade systems and the value of multilateral cooperation
  • The Commonwealth as a connector of markets and opportunities

Key Insights

Trade supports real economic outcomes
Across discussions, there was a clear and consistent message that trade underpins job creation, drives investment and strengthens economies at every level.
The Commonwealth creates practical connections
It brings together a diverse group of countries, making it easier to build partnerships, open up markets and share opportunities.
Confidence in trade relies on strong systems
A dependable legal framework and respect for the rule of law give businesses the certainty they need to operate across borders.
Working together remains essential
Multilateral cooperation continues to play an important role in ensuring trade systems remain stable, fair and effective.

Expert Analysis

At the Commonwealth Business Summit in Namibia, there was a strong sense of alignment between governments, businesses and wider stakeholders on the value of trade. The conversations moved beyond broad principles and focused on how trade directly supports jobs, investment and long term economic growth. What stood out was the role of the Commonwealth itself. It is not just a forum for discussion, but a practical network that connects economies and helps create opportunities across regions. Its shared commitment to the rule of law and to multilateral cooperation gives it a distinct position in the global trading system. In a more uncertain global environment, this kind of network matters. It helps maintain trust, encourages collaboration and supports countries in navigating complex trade relationships. The overall message was clear: trade, when supported by strong institutions and meaningful partnerships, remains one of the most effective tools for economic development.
Chris Southworth

Key Findings

  • There is broad agreement on the importance of trade for economic development
  • The Commonwealth provides a valuable platform for building trade relationships
  • Legal certainty and good governance support more effective trade
  • Global trade benefits from continued cooperation between countries
  • Collaboration across sectors strengthens the overall impact of trade

Implications

  • Closer collaboration within the Commonwealth is likely to support increased trade and investment
  • Maintaining strong international trade systems will be important for economic stability
  • Countries with clear and reliable legal frameworks are better placed to attract partners
  • Stronger connections between markets can open up new commercial opportunities
  • Trade will continue to be a key driver of growth and employment

Key Takeaways

  • Trade remains central to economic growth, investment and job creation
  • The Commonwealth plays an important role in linking countries and opportunities
  • Trust in trade depends on clear rules and strong institutions
  • International cooperation is still vital for a well functioning trade system
  • Partnerships between public and private sectors are essential for progress