AI can reduce trade costs, says WTO's Ngozi Okonojo-Iweala

- YouTube

"AI has (the) potential to do one thing which is very important to get developing countries more integrated into global markets and that is reduced trade costs,” said Ngozi Okonojo-Iweala, Director-General of the World Trade Organization, during a Global Stage livestream at the World Economic Forum in Davos.

She shares that the organization’s new report “Trading with Intelligence,” shows significant upsides to AI in trade. At a time when supply chains remain fragile, Iweala notes that "we've done simulations that show that world trade could increase by about 14% by 2040.”

However, Iweala emphasizes that technology adoption must happen across the board and include the Global South in the conversation. That means ensuring developing countries have the electrical infrastructure and capacity to handle the technology. Otherwise, she warns that the “increase drops substantially; it halves actually.”

This conversation, moderated by Becky Anderson, was part of the Global Stage series at the 2025 World Economic Forum in Davos, Switzerland, presented by GZERO in partnership with Microsoft.

Click to watch the full discussion for our panel's insights on AI's future and how it is expected to transform our economy and society by 2030.

More from GZERO Media

Thousands of people take part in a protest against CDU Leader Friedrich Merz and his action to vote with AFD to tighten immigration policy in Duesseldorf, Germany, on January 30, 2025. The poster reads "Hey Merz, Judas would be proud of you!"
Ying Tang/NurPhoto

Friedrich Merz cooperated with the Alternative for Deutschland party in order to pass new limits on immigration.

Kash Patel, Trump’s nominee for Director of the Federal Bureau of Investigation (FBI), testifies at a Senate Judiciary Committee confirmation hearing in Washington, DC, January 30, 2025.
Photo by Allison Bailey

Kash Patel faced intense questioning on Thursday during his Senate confirmation hearing for FBI director and attempted to distance himself from past controversial statements and to address concerns about how he would run the powerful law enforcement agency.

Salwan Momika, an anti-Islam activist, gestures as he speaks, in Malmo, Sweden, September 3, 2023.
TT News Agency/Johan Nilsson via REUTERS

5: At least five people have been arrested in Sweden in connection with the murder of Salwan Momika, an Iraqi Christian extremist known for burning Qurans in public and leading anti-Islam protests.

Elon Musk departs the office of Senate Minority Whip and incoming Senate Republican Leader-elect John Thune (R-SD) after a meeting on Capitol Hill in Washington, U.S. December 5, 2024.
REUTERS/Benoit Tessier/File Photo

What is it? Donald Trump used an executive order to turn the little-known US Digital Service, a unit created within the Executive Office of the President under the Obama administration to enhance government technology, into the Department of Government Efficiency – or DOGE.

Annie Gugliotta

It’s not a beautiful day in the North American neighborhood. Two days before the Feb. 1 deadline Donald Trump set to impose tariffs on Canada, Abacus Data and GZERO Media have an exclusive new poll on American attitudes toward their closest ally and neighbor. Publisher Evan Solomon dives into the numbers and what they mean.