Artificial Intelligence and International Trade Laws: In Light of Trade Policy and Data Sharing

Abstract

Due to rapid increased in the interest in how Artificial Intelligence (AI) will affect recently, there has been significant emphasis directed into the impact of this emerging technology on international trade rules, particularly in relation to the economy and trade. We examine the world’s most powerful countries, how they revaluating the trade by using AI and introducing new laws relate to AI. We explore the possibility that AI approaches might provide predictions and connections that are more accurate than those produced by traditional economic models, for accurate predictors. Additionally, we discuss that AI may be used to examine trade patterns and events like trade wars, countries give high importance on comprehending and predicting future trade trends by using AI. Having access to the data is crucial because only open-government data can be used as the fuel for AI that can anticipate and suggest policies. In order to fully use the promise of AI technologies, policymakers should take into account the connections between trade and AI technologies that are explored in this article. The major focus of this investigation is on China’s endeavours to develop and expand its AI industry, as well as the actions that the country has made to establish itself as a dominant player in the global trade market. We also examine to get advantages of globalization international trade policies continue to be in the spotlight. We also highlight that the use AI approaches to understand how trade patterns are impacted by extreme events like pandemics and trade wars.