• Friday, August 19, 2022

Business

Digital Technologies to Boost World Trade Growth Significantly by 2030: WTO

Digital Technologies to Boost World Trade Growth Significantly by 2030: WTO (Photo: David Becker/Getty Images).

By: Radhakrishna N S

The 2018 edition of the World Trade Organisation’s (WTO) flagship publication, the World Trade Report, finds that digital technologies, such as the internet of things, artificial intelligence, 3D printing, and blockchain –  will have a profound impact on global trade, adding up to 34 per cent to trade growth by 2030 thanks to lower costs and higher productivity. However, they could also create a challenging environment for those seeking to keep up with the latest innovations, a report launched on Wednesday (3) at the WTO public forum said. The report shows that digital technologies are likely to further reduce trade…

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