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The Commonwealth works with governments, international development partners and local people to help developed and developing member countries enjoy economic growth and stability.

The commonwealth's major objectives are:

-Supporting small states
-Creating better trade opportunities
-Public debt management
-Connectivity Agenda
-Oceans and natural resources
-International trade policy
-Commonwealth meetings

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Intra commonwealth trade and investment flows

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Intra commonwealth trade and investment flows

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Although no formal agreements are in place, proactive moves by Commonwealth member countries might open up new commercial possibilities. Commonwealth members might focus on improving trade logistics and implementing trade facilitation measures, as well as addressing non-tariff obstacles, leveraging new technologies, such as e-commerce and financial technology (fintech), and reforming trade and productive capacity.

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FDI in the commonwealth, 2015-17 (US$ Billion. %)

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FDI in the commonwealth, 2015-17 (US$ Billion. %)

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Between 2003 and 2016, global greenfield investments in the Commonwealth alone created 7.2 million employment in approximately 50,000 projects. Commonwealth member countries are investing more in one another than the rest of the world; intra-Commonwealth greenfield FDI is growing at a faster rate than greenfield FDI into Commonwealth countries from the rest of the world.

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Australia and New Zealand AFT: Promoting inclusive prosperity in the pacific

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Australia and New Zealand AFT: Promoting inclusive prosperity in the pacific

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In the 2017–18 financial year, Australia provided A$1.1 billion in official development assistance (ODA) to the Pacific.10 Australia has also committed to an AfT objective of 20% of ODA by 2020, which is in line with other major donors' levels of investment and rising demand from developing nations, particularly in the Pacific. The overall amount of ODA to the Pacific in 2016–17 was anticipated to be roughly A$770 million. Australia’s AfT has supported, among other things, women’s empowerment in\sthe South Pacific and Indian Ocean Rim countries; trade facilitation and integration; infrastructure and finance; agriculture\sand services; and health and disability.

Over the period 2015/16–2017/18, New Zealand's aid programme invested NZ$1 billion in the Pacific region. This is a NZ$111 million increase over the previous financing term. In addition, the country has committed to allocating 20% of its overall ODA to AfT in the Pacific. New Zealand seeks to contribute to the development of economic infrastructure in the Pacific by investing in renewable energy, ICT, and transportation, as well as improving productive capacity, particularly in agriculture.

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Major destinations of intra Commonwealth greenfield investment

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Major destinations of intra Commonwealth greenfield investment

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Between 2005 and 2016, India got more than double the amount of greenfield FDI from the Commonwealth than any other country. Bangladesh, Singapore, Nigeria, and Sri Lanka surpassed Canada, Malaysia, Pakistan, and Tanzania as the other leading destinations for Commonwealth FDI in 2016, while Canada, Malaysia, Pakistan, and Tanzania lost ground. Not only from the Commonwealth but also from throughout the world, India is the #1 country for attracting greenfield FDI. For the first time in 2015, it surpassed China as the leading greenfield FDI destination.
While greenfield FDI helps economies expand and thrive, high-growth economies attract more investments, creating a virtuous cycle of growth and investment.