AI Implementation to Boost Global Trade Volume by Nearly 40% by 2040, WTO Predicts

The World Trade Organization (WTO) released predictions that artificial intelligence implementation will boost global trade volume by nearly 40% by 2040. The forecast highlights AI transformative impact on international commerce through improved efficiency in logistics, enhanced trade finance processes, and optimized supply chain management. Key drivers include automated customs procedures, AI-powered trade documentation systems, and predictive analytics for demand forecasting. The WTO emphasized that developing countries could particularly benefit from AI adoption in trade facilitation, while also noting the need for international cooperation in AI governance and standards to ensure equitable benefits across all trading nations.