AsianFin -- Artificial intelligence has the potential to boost global trade in goods and services by nearly 40% by 2040, but without proper safeguards it could also deepen economic inequalities, the World Trade Organization cautioned in a new report released Wednesday.

The WTO’s World Trade Report projects that lower trade costs and enhanced productivity from AI adoption could raise global trade by 34% to 37% under different scenarios, while global GDP could climb by 12% to 13%.