A new World Trade Organization report warned on Wednesday, 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. According to the WTO’s World Trade Report, 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. Acknowledging current turbulence in the world trading system, Hill noted that AI was reshaping the future of the global economy and international trade, with the potential to reduce trade costs and boost productivity. Global trade rules, governed by the Geneva-based watchdog, have faced major disruption this year following a slew of tariffs by U.S. President Donald Trump’s administration.
