World Trade Organization and Its Reflections on The Iraq's Economy
AbstractIraq seeks to obtain membership of the WTO to build economic relations with the world's countries that are economically and commercially developed as well as members of WTO.
The research aims to study the economic effects resulted from Iraq's entry in the World Trade Organization (WTO) and to analyze and discuss the option of Iraq's accession to the WTO and its positive and negative impacts on the overall economic activities.
The study results showed that 63 % of respondents prefer Iraq's accession to the organization including 47% saw the need to join at the present time, while 53% of them prefer Iraq's accession to the WTO when Iraq becomes eligible for that, while 37% of them did not endorse Iraq's accession under any situation. The study concluded that there is a need for Iraq's accession to WTO for restructuring its economy to achieve all the desired goals of accession and gaining the advantages that develop its exports and to reduce its dependence on oil as a means of building its economy. The study recommended for further studies to detect the main impact of entry of Iraq's economy to the WTO.
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