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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, a new World Trade Organization report warned on Wednesday.
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, according to the WTO’s World Trade Report.
Global GDP could also increase by 12-13%, it said.
“AI could be a bright spot for trade in an increasingly…
