The Future of Trade Lies in Artificial Intelligence

World trade is the lifeblood of the global economy. It not only is a vital component in the ongoing operations of businesses (large and small), governments and NGOs around the world, it has the power to grow economies, increase productivity and transform the quality of life for citizens in the nations who are open to international trade.

This year, the value of global trade is steadily on the rise, with the export/import industry moving past the numerous challenges posed by the COVID-19 pandemic in 2020,  which are still being felt today. Trade value stood at US$7.7 trillion in Q1 2022, an increase of about US$1 trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update.

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