The world is significantly off-track towards achieving Sustainable Development Goal 2 on zero hunger by 2030. Eliminating hunger, ensuring food security and promoting healthy diets and better nutrition through the development of sustainable food systems are priorities for Commonwealth member countries. This 2024 edition of the Commonwealth Trade Review explores how trade, investment and resilient supply chains can bolster food security for the Commonwealth’s 2.7 billion people.

Table of Contents:
Part I: Commonwealth Trade and Investment Chapter 1: Commonwealth Trade and the Commonwealth Advantage in a Turbulent World 1.1 Introduction 1.2 Commonwealth countries’ global exports of goods and services 1.3 Intra-Commonwealth exports of goods and services 1.4 Prospects and drivers of trade in the Commonwealth 1.5 Conclusion Annex 1.1 Relative significance of intra-Commonwealth merchandise trade in member countries’ total trade (2021–2022 average) Chapter 2: Intra-Commonwealth Investment and the Commonwealth Advantage 2.1 Introduction 2.2 Global investment in the Commonwealth 2.3 Intra-Commonwealth investment 2.4 Drivers and prospects of investment in the Commonwealth 2.5 Conclusion Annex 2.1 Intra-Commonwealth FDI inflows, US$ million (2015–2022) Annex 2.2 Intra-Commonwealth greenfield FDI inflows, US$ million (2015–2023) Part II Commonwealth Trade and Investment in the Food Sector Chapter 3: Mapping Food Trade in the Commonwealth 3.1 Introduction 3.2 Commonwealth countries’ global food trade 3.3 Intra-Commonwealth food trade 3.4 Food trade of Commonwealth LDCs and small states 3.5 Drivers of food trade in the Commonwealth 3.6 Conclusion Annex 3.1 Intra-Commonwealth food trade (value and share) (2022) Annex 3.2 Commonwealth countries source of food supplies, by region and products Annex 3.3 Food imports and exports trend by Commonwealth regions (US$ billion) Annex 3.5 Composition of food trade in Commonwealth countries, % (2022) Chapter 4: Commonwealth Countries’ Trade in Processed Foods 4.1 Introduction 4.2 Processed food imports by Commonwealth countries 4.3 Processed food exports by Commonwealth countries 4.4 Intra-Commonwealth trade in processed food products 4.5 Conclusion Annex 4.1 Share of processed food in Commonwealth countries’ food trade, by country (2022) Annex 4.2 Share of processed food in total food trade (exports and imports), by regions, % (2022) Annex 4.3 Processed food summary table (2022) Chapter 5: Investment in the Commonwealth’s Food Sector 5.1 Introduction 5.2 Global greenfield investment in the food sector in the Commonwealth 5.3 Intra-Commonwealth greenfield investment in the food sector 5.4 Domestic investment 5.5 Conclusion Annex 5.1 Designation and mapping of selected food-related sub-sectors Annex 5.2 Intra-Commonwealth greenfield FDI inflows into food production, US$ million (2015–2023) Chapter 6: Policy Options and Way Forward 6.1 Introduction 6.2 Enhance pan-Commonwealth collaboration on food production and supplies 6.3 Strengthen multilateral co-operation on trade, food and climate 6.4 Deepen regional trade and economic co-operation on a sustainable basis 6.5 Attract investment and finance into the food sector 6.6 Leverage Aid for Trade to develop sustainable productive and supply capacities 6.7 Build capacity to ensure compliance with food-related regulations and standards 6.8 Improve agricultural trade facilitation 6.9 Upgrade logistics infrastructure for resilient supply chains 6.10 Tackle food loss and waste 6.11 Conclusion References