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Story summary
- The WTO predicts AI could boost global trade by nearly 40% by 2040, enhancing productivity and reducing costs.
- Digital services may experience a 42% increase, while raw materials could rise by only 10%.
- Director-General Ngozi Okonjo-Iweala cautions that without proactive policies, AI may exacerbate economic inequalities, especially in low-income countries.
- The report notes nearly 500 trade restrictions on AI goods in 2024, mainly from wealthier nations.
- The WTO urges investments in digital infrastructure and education for equitable AI access.
