Research Abstract:
Jordan's
accession to the countries of the Gulf Cooperation Council (GCC) is a major
shift for Jordan, and this shift is an integral part of the movement of formation
of an Arab as well as global trade blocs
taking into consideration the positive effects
that these trade blocs have on the Member States and others. Hence, there is an urgent need for the
development of the Arab markets in light of the benefits and challenges that
WTO has brought. Accordingly, this research came to highlight the importance of
economic integration of the Arab countries through discussing and exploring the
proposed accession of Jordan's into GCC.
This study is exploring two major issues:
the role of Arab economic integration in taking advantage of the WTO, and the
importance and requirements of Jordan's accession to the GCC. The study adopted
the method of qualitative research in the presentation and analysis of data. The
study concluded that formation of Arabs trade
blocs is one of the most important means
for Arab countries to take advantage of its membership in the WTO. Despite the challenges surrounding
building such alliances, this is practically
possible. A number of recommendations were provided
at the end of the study to help to
accelerate the pace of formation of Arab trade blocs and maximize
the benefit of globalization, which is offering myriad of economic opportunities . Research Presented to The 10th International Scientific
Conference . The Faculty of Economics and Administrative
Sciences: Exploring The Future Of The International Trade In The Light Of The World
Trade Organization . ISSN 2072 - 8867. Zarqa University, Zarqa – Jordan.
December 3 ed - 4 th ,2014