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Commonwealth says likely to miss trillion dollar trade target

Reuters  |  LONDON 

LONDON (Reuters) - The Commonwealth is likely to miss its target of $1 trillion of trade between its members by 2020, the head of the 53-nation body said on Wednesday, blaming the global economy and predicting a figure of around $700 billion instead.The announcement comes ahead of a Commonwealth Heads of Government summit in London in April, which will seek to boost the network made up of mostly former British colonies, including India, Australia and Canada."The growth is slightly slower than we thought it was going to be because the global market has slowed down," Commonwealth ...

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First Published: Wed, March 14 2018. 22:57 IST