Impact of COVID-19 on Commonwealth Trade: Analysis and Recovery

This essay examines the impact of the COVID-19 pandemic on trade within the Commonwealth countries, focusing on both goods and services. It highlights how the pandemic and associated restrictions have led to a reduction in Commonwealth exports, particularly affecting low-income importing countries. The analysis spans from January 2019 to November 2020, revealing that a high incidence of COVID-19 in high-income importing countries correlated with increased Commonwealth exports. Short-term measures and policy options aimed at enhancing resilience and productivity are discussed as strategies for economic recovery. The study emphasizes the importance of boosting trade activities to transform economic recovery and promote long-term sustainable growth within the Commonwealth, which comprises 54 member nations across various continents. It also addresses the role of the Commonwealth in addressing health system pressures and pharmaceutical access, particularly in the post-pandemic era, and references works by Escaith et al. (2020) and Khorana et al. (2021).

CRITICAL ISSUES IN BUSINESS MANAGEMENT
The impact of the common wealth countries on the commonwealth trade
in goods and services has been high number of deaths, low income
importing countries leading to reduction in the commonwealth exports.
There was also impact on the trade of the global sample of countries. The
restrictions which came along side of Covid-19 was considered to be high
income countries that are associated with an increase in the common
wealth countries trade. Certain short-term projections of the counties
were associated with an increase in the common wealth countries. It is
also the study which is also considered to be the set of policy of the
options that can affect the recommendations for targeting the
sustainability of the recovering and building the resilience in the common
wealth economics. I have been able to understand the importance of the
ways in which the commonwealth is very important for the international
business of the many countries. But due to the impacts that have had on
the common wealth it can be said that the first efforts of this group needs
to be to improve the learning and experiences which allow the
organization to gain the growth that they have been looking for in the
trades.
The covid-19 impact on the common wealth trade in the goods of analysis of data spanning January 2019 to November 2020 suggested how this
pandemic was able decrease trade between the different countries. The high number of covid-19 incidence in the high-income importing countries
increased the commonwealth exports. It was also considered to be the incidence of Covid-19 that was able to affect both the exports and importing
countries that has had an effect on the high-income commonwealth countries. There was short term measure taken for overcoming the challenges of the
covid-19 which was considered to be heavily linked to the economic growth of these countries through making investments for productivity and
policies aiming to enhance the resilience of commonwealth countries. The focus of these countries has been towards boosting the back the trade
activities which was initially the factor that transformed the recovering of the economy for the promotion of the long-term sustainability growth for the
international trade. The future growth of the commonwealth trade has shown some certain advantages that has enabled the trade to be a success in post
covid period. The commonwealth is the key multilateral organization which has been comprising of the 54 member nations which are spread across
Africa, Asia, the American, Europe and the Pacific. It can also be said to be the lower middle-income countries which has helped in the association with
the networks that has been able to build the governmental and non-governmental and civil society organization that has helped in the working together
worth the government and non-governmental civil society organization. The work of the is organization has been towards delivering the collaborative
actions that are based on certain shared objectives. The common wealth is also considered to be the ready-made network that has been able to span in a
very diverse range of countries for making it ideal place to help track the changes that are being made as a part of the global challenges to Covid-19.
In the rapidly changing time when the countries around the
world have both within the commonwealth and outside of it has
faced major unprecedented health system pressure related to the
human rights challenges. This is also considered to be the factor
that has allowed to transform healthcare for meeting the needs
of their population. The highs on the list of the priorities towards
addressing the issue of the pharmaceutical access facilities. It
has been found that the future of the common wealth program
revolves heavily around the post pandemic program. It has also
been able to provide timely and useful framework for
considering the global response. In pandemic the highlight has
been to be able to develop a crucial role for the improving the
health care and delivery industry. Thus, the future has been
considered to be this industry by far.
REFERENCES
Books and Journals
Escaith, H., Khorana, S., MacGregor, J.N., Vickers, B. and Ali,
S., 2020. The potential impact of COVID-19 on Commonwealth
trade, recovery and resilience. Trade Hot Topics. (161).
Khorana, S., Martínez-Zarzoso, I. and Ali, S., 2021. The Impact
of COVID-19 on the Global and Intra-Commonwealth Trade in
Goods. International Trade Working Paper 2021/08. London:
Commonwealth Secretariat.