Policy recommendations for integrating artificial intelligence into global trade agreements
1 Louisiana State University, Baton Rouge, Louisiana.
2 Independent Researcher, Ohio, USA.
International Journal of Engineering Research Updates, 2024, 06(01), 001–010.
Article DOI: 10.53430/ijeru.2024.6.1.0022
Publication history:
Received on 19 February 2024; revised on 28 March 2024; accepted on 30 March 2024
Abstract:
The integration of artificial intelligence (AI) into global trade agreements presents a transformative opportunity to enhance efficiency, competitiveness, and innovation in international commerce. This review outlines policy recommendations aimed at facilitating the seamless incorporation of AI technologies into the framework of global trade agreements. As AI technologies continue to proliferate across various sectors, including manufacturing, logistics, and services, understanding the implications and challenges of their integration into trade agreements becomes paramount. This review provides insights into the current landscape of AI in global trade, highlighting both the existing challenges and opportunities for leveraging AI to drive economic growth and sustainable development. Key policy considerations include the harmonization of AI standards, addressing intellectual property rights and data ownership, facilitating cross-border data flows, ensuring transparency and accountability in AI decision-making, mitigating potential job displacement and inequality, and promoting ethical AI practices. Drawing on case studies and best practices from regional trade agreements and industry-specific implementations, this review offers actionable recommendations for policymakers, businesses, and international organizations. These recommendations emphasize the importance of collaborative efforts, capacity building, and monitoring mechanisms to effectively harness the benefits of AI while mitigating potential risks. By embracing AI as a driver of innovation and efficiency in global trade, stakeholders can foster a more inclusive and resilient trading environment that maximizes the benefits of technological advancements for all participants.
Keywords:
International Business Law; Policy; Recommendations; Integrating Artificial Intelligence; Global Trade Agreements
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0