1887

International Trade Working Paper

The International Trade Working Paper series promptly documents and disseminates reviews, analytical work and think-pieces to facilitate the exchange of ideas and to stimulate debates and discussions on issues that are of interest to developing countries in general and Commonwealth members in particular. The issues considered in the papers may be evolving in nature, leading to further work and refinement at a later stage.

English

The Impact of COVID-19 on Commonwealth Services Trade

This International Trade Working Paper examines the effect of the pandemic on the services trade of Commonwealth countries using both descriptive statistics and qualitative analysis. It finds that at least 40 per cent of Commonwealth services exports and more than 45 per cent of its imports could be compromised by COVID-19. Caribbean and Pacific Commonwealth countries are likely to be most severely impacted, while African and Asian Commonwealth countries are likely to be less vulnerable. Delayed recovery in services trade will affect both services and manufacturing sector activity in Commonwealth member countries, given their increasing ‘servicification’ of economic activity and exports.

English

Keywords: servicification, social distancing, services trade, COVID-19, Commonwealth
JEL: L84: Industrial Organization / Industry Studies: Services / Personal, Professional, and Business Services; O14: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Industrialization; Manufacturing and Service Industries; Choice of Technology; F10: International Economics / Trade / Trade: General
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error