US EditionAI may boost global trade value by nearly 40%: WTO
Artificial intelligence is projected to expand digitally deliverable services trade by 42%, but rising trade restrictions could limit AI's global trade benefits, WTO reports.
- Artificial Intelligence could increase global trade by nearly 40% by 2040, according to the World Trade Organisation .
- The WTO warns that lower-income economies may only see an 8% increase in incomes without bridging the digital divide.
- Nearly 500 restrictions on AI-related goods were in place by 2024, significantly up from 130 in 2012, as noted by the WTO.
- Director General Ngozi Okonjo-Iweala emphasized that the right policies are essential to ensuring that AI benefits reach all economies.
61 Articles
61 Articles
According to calculations by the World Trade Organisation, artificial intelligence can increase world trade by 37 percent by 2040.
WTO Report Sees AI Driving Trade Growth, Urges Safeguards
Artificial intelligence could increase global trade in goods and services by up to 37% and boost global GDP by more than 12% by 2040, according to the World Trade Organization’s annual report released Wednesday. The study said AI can lower costs in logistics, compliance, and communications, while translation tools could make it easier for small businesses to expand internationally. Amid current tensions, a bright spot for trade: Artificial intel…
AI’s boost to global trade set to surge by 2040, but the WTO has a warning
Artificial intelligence could boost the value of trade in goods and services by nearly 40% by 2040, but without adequate policies it could also exacerbate economic divides, a new World Trade Organization report warned on Wednesday. Lower trade costs and enhanced productivity could drive substantial increases in trade and GDP by 2040, with global trade projected to rise by 34-37% under various scenarios, according to the WTO’s World Trade Report.…
In a report, the World Trade Organisation examines the opportunities of artificial intelligence and its risks.
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