• AI could increase global trade by nearly 40% by 2040, according to a new WTO report.
• Global GDP is expected to rise by 12-13% with the implementation of AI technologies.
• The WTO warns of potential economic disparities without inclusive policies and investments.
• Growth is anticipated particularly in digitally deliverable services, which may increase by 42%.
• AI tools are improving trade efficiency and compliance for businesses globally.

According to a new World Trade Organization (WTO) report, artificial intelligence (AI) is projected to boost the value of global trade in goods and services by nearly 40% by 2040, with global trade expected to rise by 34-37% under various scenarios. This growth is anticipated alongside a significant increase in global GDP by 12-13%, driven by enhanced productivity and lower trade costs, as noted by the WTO's Deputy Director General, Johanna Hill, during the report's release.

The report highlights that AI could substantially enhance trade efficiency and compliance, specifically for small producers and retailers looking to enter global markets. In particular, the trade in digitally deliverable services is forecasted to grow significantly by approximately 42%, driven by advancements in AI. This surge could help low-income countries increase export growth by as much as 11%, provided that their digital infrastructures improve, according to analyses in the report from Reuters, TRT Global, AA, and India Times.

Despite the potential benefits of AI, the WTO warns that without targeted investments and inclusive policies, the development of AI could exacerbate existing economic divides. Many economies and workers could risk being left behind as the digital landscape evolves. Director-General Ngozi Okonjo-Iweala emphasized the need for systematic policy management during the transition to AI to mitigate these risks, including investments in education and skills development. She stated, "The effects of the development and deployment of AI are raising concerns that many workers, and even entire economies, could be left behind," reinforcing the importance of proactive measures to ensure shared growth and opportunities according to Reuters, TRT Global, AA, and India Times.