WTO Report: AI Can Boost Global Trade and Inclusive Growth

The World Trade Organization (WTO), in its recent report “Artificial Intelligence: Implications for Trade and Inclusive Growth”, has highlighted Artificial Intelligence (AI) as a transformative technology capable of enhancing global trade and promoting inclusive economic growth if proactive policies are implemented. The report notes that AI can reduce trade costs, boost productivity and lower income inequality. It also accelerates innovation and creates new economic opportunities, particularly for countries rich in critical minerals or renewable energy resources.