Digital technologies and trade

Digital technologies and trade Digital technologies and trade Digital technologies and trade

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Digital technologies and trade

Digital technologies are shaping the way we work and trade, creating opportunities but also risks. International organizations can play an important role in promoting a regulatory and policy framework that encourages the deployment of frontier technologies, such as blockchain, while mitigating potential risks. This page provides an overview of discussions and activities on frontier technologies at the WTO and links to relevant resources.

How digital technologies interact with trade issues

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AI for trade

Artificial intelligence (AI) is reshaping global trade by lowering trade costs, facilitating regulatory compliance and creating new opportunities for firms of all sizes. AI has the potential to deliver significant gains for both global trade and GDP, provided that digital infrastructure, skills and policy frameworks keep pace. The WTO seeks to promote constructive dialogue and a cooperative regulatory environment that supports the development and deployment of AI, while mitigating its risks. Under the banner of "AI for Trade", the WTO's work has three pillars: solutions; capacity building; and knowledge.

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Blockchain

A blockchain is a decentralized, distributed ledger of transactions in which records are stored permanently and are nearly impossible to alter. As it relies on a peer-to-peer network that no single party controls, blockchain offers secure, transparent, and verifiable record-keeping. In trade, this technology could transform processes such as customs documentation, supply chain tracking, payments, and contracts by making them more efficient, trustworthy, and less paper intensive.

Quantum technologies

Quantum technologies harness the principles of quantum physics to enable new capabilities in computing, communications and sensing. While many applications are still at an early stage of development, these technologies have the potential to transform industries and international trade. Quantum computing could, among other things, improve logistics and accelerate scientific discovery while quantum communications could enhance the security of cross-border information exchanges. At the same time, advances in quantum computing pose challenges for existing encryption systems, raising important questions about cybersecurity and digital trade. International trade plays a critical role in the development and diffusion of quantum technologies by facilitating access to specialized equipment, materials, expertise and services across borders.

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