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.

Conference Title

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

Conference Country

Palestine

Conference Date

Dec. 3, 2014 - Dec. 3, 2014

Conference Sponsor

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