How should policy-makers and companies react and plan in this rapidly changing landscape while ensuring technologies advance equality and inclusion in international trade?
With the rise of Fourth Industrial Revolution (4IR) technologies, the means to facilitate international trade are growing. Digitalization and advanced technologies have the potential to significantly reduce processing times and the cost of cross-border movements of goods, and further facilitate trade in services. Yet, as emerging technologies shape trade flows faster than trade policies can adapt, disruptions are expected to accelerate in the coming decades.
Recognizing the nexus between emerging technologies and international trade, the Digital Trade team has launched the TradeTech project to understand how 4IR technologies can facilitate global trade and develop forward-looking policy and business strategies.