New Artificial Intelligence to Help Facilitate Trade Negotiations for Small Island Developing States

New Artificial Intelligence to Help Facilitate Trade Negotiations for Small Island Developing States

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New Artificial Intelligence to Help Facilitate Trade Negotiations for Small Island Developing States

Source: Caribbean 360

GENEVA, Switzerland, Thursday October 11, 2018 – The first Artificial Intelligence (AI) powered-platform for trade negotiations recently introduced by the United Nations Conference on Trade and Development (UNCTAD) in Geneva could bring major advances that can strengthen the voice of Small Island Developing States (SIDS) in the international arena by allowing for deeper and more targeted data analysis which could lead to better negotiating outcomes.

The AI system is designed to analyze hundreds of pages of trade agreements with outstanding accuracy and speed that far exceed human capacity. A recent test confirmed the ability of the platform to review five pages of a trade agreement in 26 seconds while the usual time taken to undertake an analysis of the same documents by lawyers approximately 92 minutes.

Read more: http://www.caribbean360.com/business/new-artificial-intelligence-to-help-facilitate-trade-negotiations-for-small-island-developing-states#ixzz5TdaHCAoa

 

 

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