AI to Boost Global Trade by 40%; Singapore Cited as Regulatory Model: WTO Report

WTO highlights AI global trade opportunity

A new World Trade Organization (WTO) report found that AI has the potential to boost global trade by up to nearly 40 per cent over the next 15 years, provided critical policy and infrastructure gaps are plugged. The WTO’S latest World Trade Report outlined how AI could reshape the global economy through lower trade costs and enhanced productivity. Depending on how quickly low and middle-income countries adopt the technology and enhance digital c…

WTO: Artificial Intelligence Could Boost Global Trade Value by 40% by 2040

Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to cost reductions and productivity gains, the World Trade Organization said. In its latest annual World Trade Report, the WTO identified AI as one of the few bright spots as the global trading system has been upended by the United States slapping high tariffs on its trading partners. “AI holds major promise to boost trade by lowering trade costs an…

AI could lift global trade flows by nearly 40% by 2040: WTO

The report highlights that trade can be a powerful enabler of AI-supported growth by helping economies access AI-enabling goods such as raw materials, semiconductors and intermediate inputs The post AI could lift global trade flows by nearly 40% by 2040, WTO says appeared first on Gulf Business.