Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    US Treasury yield tops 5% as borrowing costs climb

    September 15, 2026

    U.S. stocks fall as AI shares slide and oil prices rise

    September 15, 2026

    PM Carney bolsters plan to build here to support manufacturers

    September 14, 2026
    South Carolina TodaySouth Carolina Today
    • Automotive

      Audi launches Q9 and high performance SQ9 V8 SUV variants

      July 31, 2026

      Ford recalls nearly 420,000 SUVs over seat belt issue

      June 4, 2026

      Mercedes-Benz USA unveils 2027 S-Class with MB.OS tech

      January 30, 2026

      Ford issues US recall for Escape Focus Explorer and Lincoln MKC

      January 22, 2026

      New Porsche Cayenne Electric delivers 850kw power and 2.5s acceleration

      November 19, 2025
    • Business

      US Treasury yield tops 5% as borrowing costs climb

      September 15, 2026

      U.S. stocks fall as AI shares slide and oil prices rise

      September 15, 2026

      PM Carney bolsters plan to build here to support manufacturers

      September 14, 2026

      Oil prices remain above $100 on Gulf supply losses

      September 11, 2026

      Dow falls again as oil tops $100 and bond yields rise

      September 10, 2026
    • Entertainment

      Sony confirms God of War trilogy remake and PS5 prequel

      February 13, 2026

      Netflix profit hit by Brazil tax charge despite revenue rise

      October 22, 2025

      Apple Arcade adds Jeopardy and NFL games in September update

      August 19, 2025

      Marvel’s Fantastic Four opens strong with 57 million dollars

      July 27, 2025

      Disney and Marvel’s R-rated film hits billion-dollar milestone

      August 17, 2024
    • Health

      Lundberg Family Farms white rice jasmine recall updated by FDA

      August 31, 2026

      Rasonque wins FDA approval for metastatic pancreatic cancer

      August 28, 2026

      Congo Ebola outbreak grows faster than past epidemics

      August 6, 2026

      Michigan cyclospora cases reach 11,234 with two deaths

      August 4, 2026

      Malaria discovery reveals how parasites invade blood cells

      July 10, 2026
    • Lifestyle

      Apple and ISSEY MIYAKE unveil new 3D-knit iPhone Pocket

      November 13, 2025

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023

      How Nike’s Kobe 8 Protro Halo Marks an Emotional Milestone

      August 29, 2023
    • Luxury

      Price hikes and lack of innovation erode luxury market confidence

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • News

      Trump posts US map spanning Canada, Mexico and Greenland

      September 8, 2026

      US launches Pacific support package exceeding $150 million

      September 3, 2026

      Karina rapidly intensifies into major hurricane in Pacific

      September 1, 2026

      Labor department fastest growing jobs list released through 2035

      August 31, 2026

      Nevada crews contain 85% of Hawk Fire after 47 homes lost

      August 26, 2026
    • Sports

      Spain beat Portugal to reach World Cup quarter-finals

      July 7, 2026

      Norway beats Brazil to reach World Cup last eight

      July 6, 2026

      Egypt oust Australia on penalties to reach World Cup last 16

      July 4, 2026

      Spain defeats Austria 3-0 to enter World Cup last 16

      July 3, 2026

      Kane double sends England past Congo DR at World Cup

      July 2, 2026
    • Technology

      iPhone Duo brings Apple into foldable smartphones

      September 10, 2026

      iPhone 18 Pro gains A20 Pro chip and longer battery life

      September 10, 2026

      Nvidia reaches $12.93 billion agreement for Hugging Face

      September 4, 2026

      Nvidia Plans Price Hikes Exceeding 15% for Servers Scheduled for 2027 Delivery

      August 24, 2026

      Meta Ordered to Disburse $567 Million by New Mexico Court for Youth Mental Health Fund

      August 8, 2026
    • Travel

      US keeps Belgium at Level 2 in updated travel advisory

      August 6, 2026

      Maine tourism feels strain as Canadian travel drops

      March 30, 2026

      Houston Bush airport warns of four-hour TSA lines

      March 26, 2026

      US winter storm disrupts flights nationwide

      March 17, 2026

      U.S. inbound travel declined in 2025 even as global tourism rose

      January 28, 2026
    South Carolina TodaySouth Carolina Today
    Home » AI to power rise in digital trade by 2040 says WTO
    Business

    AI to power rise in digital trade by 2040 says WTO

    September 18, 2025

    Artificial intelligence is expected to significantly accelerate global trade over the next 15 years, with the World Trade Organization (WTO) projecting an increase in global trade of goods and services by nearly 40 percent by 2040. The forecast, published in the WTO’s World Trade Report 2025, highlights the economic potential of AI adoption across sectors and economies when supported by strong policy frameworks and infrastructure development.

    AI to power rise in digital trade by 2040 says WTO
    WTO projects AI could increase global trade by up to 37% and GDP by 13% by 2040.

    The report estimates that AI could raise global GDP by 12 to 13 percent over the same period, depending on the scale and pace of technology integration. The organization attributes the projected trade gains to AI’s ability to reduce trade costs, enhance logistics, improve productivity, and increase the efficiency of cross-border operations. These changes are anticipated to affect both goods and services, with implications for traditional manufacturing, finance, healthcare, and digital services.

    According to the WTO, the largest trade increases are expected in sectors already heavily reliant on digital technologies, such as business services, communication, financial services, and transport. AI is also likely to benefit small and medium-sized enterprises by reducing barriers to entry in international markets through automation, digital platforms, and language translation tools.

    The findings are based on multiple economic models that assess AI’s impact under various scenarios of digital infrastructure adoption. In a scenario where lower- and middle-income countries close half of the digital infrastructure gap with high-income economies, income gains are projected at around 15 percent for developing economies and 14 percent for advanced ones. If the digital divide remains wide, income growth in less developed countries could remain below 8 percent, the report notes.

    WTO outlines economic benefits of global AI adoption

    WTO Director-General Ngozi Okonjo-Iweala stated that digital technologies are reshaping the global trading landscape and that trade policies must evolve accordingly. She noted that AI’s trade-enhancing potential could be fully realized only through investments in digital infrastructure, education, and skills development. She also emphasized the importance of transparent and predictable trade rules in enabling broader AI access.

    Trade in goods essential for AI development, such as semiconductors, sensors, computers, and related components, reached $2.3 trillion in 2023. These goods are integral to machine learning, automation, and cloud computing technologies. However, WTO data shows that import restrictions on AI-related products have increased sharply in recent years, from 130 measures in 2012 to nearly 500 in 2024.

    In some low-income countries, bound tariffs on AI-enabling products remain as high as 45 percent. The report warns that without policy action to address trade barriers and technology gaps, the benefits of AI could remain unevenly distributed. It notes that the availability of skilled labor, reliable digital infrastructure, and affordable access to AI technologies will play a key role in determining which economies benefit the most from the AI-driven trade expansion.

    AI tools enable small businesses to access global markets

    AI’s growing role in shaping trade patterns is already evident, particularly in the services sector. Cross-border trade in digitally delivered services, which includes cloud computing, digital consulting, and online education, has grown rapidly and is likely to accelerate further with advances in generative AI and large language models.

    The WTO’s findings underscore the urgency for coordinated international efforts to ensure that AI adoption contributes to inclusive global growth. The organization called on governments to modernize trade policies and invest in enabling frameworks to maximize the potential of digital technologies across all economies. – By Content Syndication Services.

    Share. Facebook Twitter Pinterest WhatsApp LinkedIn Tumblr Reddit VKontakte

    Related Posts

    US Treasury yield tops 5% as borrowing costs climb

    September 15, 2026

    U.S. stocks fall as AI shares slide and oil prices rise

    September 15, 2026

    PM Carney bolsters plan to build here to support manufacturers

    September 14, 2026

    Oil prices remain above $100 on Gulf supply losses

    September 11, 2026

    Dow falls again as oil tops $100 and bond yields rise

    September 10, 2026

    US Treasury yields trade mixed as markets weigh Bessent plan

    September 9, 2026
    Latest News

    US Treasury yield tops 5% as borrowing costs climb

    September 15, 2026

    U.S. stocks fall as AI shares slide and oil prices rise

    September 15, 2026

    PM Carney bolsters plan to build here to support manufacturers

    September 14, 2026

    Oil prices remain above $100 on Gulf supply losses

    September 11, 2026

    iPhone Duo brings Apple into foldable smartphones

    September 10, 2026

    iPhone 18 Pro gains A20 Pro chip and longer battery life

    September 10, 2026

    Dow falls again as oil tops $100 and bond yields rise

    September 10, 2026

    US Treasury yields trade mixed as markets weigh Bessent plan

    September 9, 2026
    Travel

    US keeps Belgium at Level 2 in updated travel advisory

    August 6, 2026

    Maine tourism feels strain as Canadian travel drops

    March 30, 2026

    Houston Bush airport warns of four-hour TSA lines

    March 26, 2026

    US winter storm disrupts flights nationwide

    March 17, 2026
    Technology

    iPhone Duo brings Apple into foldable smartphones

    September 10, 2026

    iPhone 18 Pro gains A20 Pro chip and longer battery life

    September 10, 2026

    Nvidia reaches $12.93 billion agreement for Hugging Face

    September 4, 2026

    Nvidia Plans Price Hikes Exceeding 15% for Servers Scheduled for 2027 Delivery

    August 24, 2026
    Sports

    Spain beat Portugal to reach World Cup quarter-finals

    July 7, 2026

    Norway beats Brazil to reach World Cup last eight

    July 6, 2026

    Egypt oust Australia on penalties to reach World Cup last 16

    July 4, 2026

    Spain defeats Austria 3-0 to enter World Cup last 16

    July 3, 2026
    © 2026 South Carolina Today | All Rights Reserved
    • Home
    • Contact Us
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.