Boosting Trade: Elevator Pitch to UK Prime Minister Boris Johnson for Commonwealth and G7

Critical Issues in
Business Management

Contents
INTRODUCTION.......................................................................................................................................3
MAINBODY...............................................................................................................................................3
Discussing why is digital trade more vital than ever along with its main trends, challenges and
opportunities in the Commonwealth including the impact of COVID – 19?...........................................3
Discussing the comment on The African Continental Free Trade Area (AfCFTA) and what is its real
significance, the current state of play and how transformative and inclusive can it be, especially for
women?...................................................................................................................................................6
CONCLUSION...........................................................................................................................................7
REFERENCES............................................................................................................................................8
The African Continental Free Trade Area,2020[Online]Available
Through<https://www.worldbank.org/en/topic/trade/publication/the-african-continental-free-trade-area />
.................................................................................................................................................................... 8
Women and e-commerce in Africa[Online]Available
Throughhttps://www.ifc.org/wps/wcm/connect/topics_ext_content/ifc_external_corporate_site/
gender+at+ifc/resources/women-and-ecommerce-africa/.........................................................................8
INTRODUCTION.......................................................................................................................................9
MAINBODY...............................................................................................................................................9
Boris Johnson, the UK Prime Minister is the current Chair of the Commonwealth and President of the
G7. If you found yourself sharing an elevator with him for 60 seconds at the UN Headquarters, what
would you suggest to him that the Commonwealth and the G7 can do to bolster and boost trade we can
all benefit and why?.................................................................................................................................9
CONCLUSION.........................................................................................................................................10
REFERENCES..........................................................................................................................................11

INTRODUCTION
The digital trade has been on the boom in the modern-era and has seen a sharp rise in the
situation of COVID – 19 pandemic. This rise in the trend relative to the pandemic has enable
various countries to focus on operating on digital platforms in order to achieve high level of
productiveness due to closed boarders and various restrictions. The following report will
highlight the various trends along with channels of digital trade. It will also focus on The African
Continental Free Trade Area along with impact of digital trade on the women of Africa and how
it will play out in their favor.
MAINBODY
Discussing why is digital trade more vital than ever along with its main trends, challenges
and opportunities in the Commonwealth including the impact of COVID – 19?
Digital trade:
Digital trade has rapid growth and consists of digital transaction relative to goods and
services that can be of both digital and physical nature. Furthermore, it involves government
along with consumer firms. There are various forms of digital trades that help and provide
assistance in increasing sales along with scope and speed relative to the speed of transactions
especially for Commonwealth. In addition to this, it allows developing new products and
services to a massive number of digitally connected consumers across the globe. In context to
Commonwealth, digital trade allows in the establishment of creative as well as innovative tools
that help in overcoming barriers that help in attaining growth and provides facilities for payment
relative to cross trade. Furthermore, Commonwealth is able to attain collaborations along with
investments related to fixed assets through cloud-based services and utilizing alternative funding
mechanisms through digital trade.
The concept of digital trade has altered the overall aspect of trading of goods and services
through the utilization of multiples online platforms which helps in increasing the number of
small packages that are sold across international borders. The various countries are enabled to
develop secure and suitable channels of trade through digital trade. It allows the countries to

attain high level of productivity along with performance. In addition to this, digital trade realties
in issues relative to policy-makers which consist of physical management of parcel trade for risk
management (The impact of digitalization on trade).
Main trends of digital trade:
The overall concept as well as trend within digital trade has been altered due to the
overall situation of COVID – 19 pandemic. The changes in trends have majorly impacted global
agendas along with governments and result in orientation towards domestic rather than
international issues which raise issues and fear of protectionist policies. Given below are key
trends relative to digital trade:
Develop digital trade of goods by reducing cost and barriers:
Digital trade provides allows in attaining high level of productivity along with
performance relative to offering products and services which has been an effective trend in the
market. It helps in reducing cost of providing goods to both suppliers as well as the consumer.
Developing new market growth:
Digital trade relative to Commonwealth has proved to be an optimal method in order to
enter new market in an effective manner. This trend has seen a sharp rise due to the situation of
COVID – 19 pandemic as it has restricted international borders as well as port constricting
overall supply and demand channels.
Alter global value chain:
The concept of digital trade has altered the overall operations of global value chain at a
major level. This is the result of increase in trend relative to utilization of technology within
trading operations. In addition to this, it impacts the overall system of trading and operations
resulting in inefficiencies.
Opportunities and challenges of digital trade:
The concept to digital trade consists of various challenges along with opportunities. The
challenges in digital trade can lead to ineffective operations, whereas opportunities allows the