AI to transform global trade: WTO | Business

DHAKA, Sept 17, 2025 (BSS) - Artificial intelligence (AI) could boost the value of trade in goods and services by nearly 40 percent by 2040 through reduction of trade costs, productivity gains and expanding participation in global market, observed a new World Trade Organization (WTO) report released today. With the theme of ‘Making trade and AI work together to the benefit of all,’ the report also projected that the development and deployment of AI will generate a substantial increase global GDP, ranging from 12 to 13 per cent across scenarios. “AI is already reshaping our economies and our societies. Though not without risks of its own, AI has the capacity to transform the ways we produce, consume, and trade,” said...