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The World Trade Organization (WTO) released a report on Thursday titled "Trading with Intelligence: How AI Shapes and is Shaped by International Trade," exploring the potential impact of artificial intelligence (AI) on global trade.
The report highlights AI's potential to reduce trade costs, reshape trade in services, boost trade in AI-related goods and services, and redefine economies' comparative advantages. It underscores AI's role in overcoming trade barriers by automating logistics, streamlining customs processes, navigating regulatory compliance, and predicting risks. These advancements could level the playing field for developing economies and small businesses, enabling them to participate more effectively in international trade.
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