India to host Commonwealth SME summit

Current Commonwealth trade turnover is around $700 bn, and target is to increase up to $1 tn by 2020

New Delhi will most probably host a Commonwealth SME (small and medium-sized enterprises) summit in May as the next stage in a bid by the 52-nation association to evolve an ease of trading accord, which is aimed to be formally announced at the Commonwealth Heads of Government Meeting (CHOGM) in London next year.

The current Commonwealth trade turnover is in the region of $700 billion, and the target is to increase this to $1 trillion by 2020. The Indian High Commission in the United Kingdom estimates India's share of this to be roughly $120 billion or a noteworthy 17 per