Trade, Prosperity and Economic Development

If there is to be long-term sustainable development and global prosperity there is a need to ensure the right level of finances are designated to aid and investment across the Commonwealth. As identified in The Addis Ababa Action Agenda there is a large financing gap and looks beyond aid to domestic resources, trade and private sector to finance the Goals. For example a number of areas need further support.

  • Domestic public resources
  • Domestic and international private business and finance
  • International development cooperation
  • International trade as an engine for development
  • Debt and debt sustainability
  • Address systemic issues
  • Science, technology, innovation and capacity-building

Following the global recession and brexit, there are fundamental changes taking place in the global trade landscape, and the Commonwealth, with its diverse membership, is adapting to and coming to terms with these changes. This shifting landscape offers tremendous potential for Commonwealth countries to expand their trade between members and overall. For this to be successful parliamentarians must be well equipped to drive this agenda at a domestic and international level. CPA UK seeks to support this work through its strategy.

Our recent programmes

India - Study Visit by FICCI, Westminster, June 2018

On 27 June 2018, CPA UK hosted a delegation from the Indian Federation of Chambers of Commerce and Industry (FICCI) for a one-day visit to the UK Parliament. The four Members of the Lok Sabha and Rajya Sabha, participated in the study visit through FICCI’s UK India Forum of Parliamentarians.

The programme on international affairs and trade included meetings with Select Committee Chairs and Members of both Houses. Interested in the UK’s future trading context, the delegates raised the status and progress of Brexit negotiations, and discussed the potential impact on UK-India trade with Angus MacNeil MP, Chair of the International Trade Committee. Visa issues, the role of the Commonwealth, and bilateral relations between the UK and India featured in a meeting with Foreign Affairs Committee Chair Tom Tugendhat MP and Committee Member Mike Gapes MP.

CPA UK Delegation to New Zealand, Wellington & Auckland, 6-15 April 2018

A bilateral programme saw the UK delegation engage with parliamentary colleagues, business, and civil society to discuss issues and challenges relevant to the UK and New Zealand. Some issues touched upon included: the current political situation and the approach to coalition and minority government; the impact of Brexit on UK-New Zealand relations; oversight of trade policy and the status of the Trans-Pacific Partnership; the trade and investment relationship; defence and security cooperation; New Zealand’s approach to domestic policy areas including environmental policy, disaster resilience, and immigration policy. The Pacific Islands Parliamentary Workshop followed the bilateral programme and provided an opportunity to engage with parliamentarians from ten Pacific Island countries on areas of mutual interest.

Westminster Workshop: Parliamentary Financial Oversight of Aid Effectiveness - Westminster, July 2017

This workshop sought to discuss the changing landscape of aid architecture and strengthen the knowledge and skills of parliamentarians and parliamentary officials in conducting effective financial oversight of aid flows. Ahead of the Second High Level Meeting of the Global Partnership for Effective Development Cooperation, the 6th Westminster Workshop sought to strengthen the voices of parliaments in becoming an integral stakeholder in aid management.

International Parliamentary Conference on Growth for Development: The role of parliamentarians in managing economic growth for equitable development

From 17-20 November 2014 CPA UK, in collaboration with UNDP and The World Bank Group brought together parliamentarians, experts and academics for an International Parliamentary Conference focused on the crucial role that institutions and legislators play in shaping and monitoring economic policies.

  • What does good economic growth look like?
  • How do nations ensure that the benefits of growth reach the most vulnerable?
  • How can legislators influence governments to deliver?
  • Why do strong institutions matter?

This Conference was a vital opportunity for learning, exchanging ideas and building capacity to engage on the economic agenda and the opportunities that exist to deliver sustainable equitable development through economic growth.

The main conference was followed by an optional one-day workshop on 'Parliamentary Engagement with Extractives Industries.'

The programme report can be found here.