Iraq’s Accession to the Wto and the Possible Economic Effects

Purpose: The paper aims to explore the possible economic effects of Iraq's accession to the World Trade Organization. Theoretical framework: The World Trade Organization occupies an important position among the international economic organizations as it is concerned with international trade, and it adopts the achievement of smooth and smooth trade exchange in light of the liberalization of trade and the reduction of obstacles to its launch across borders, and based on this role, the accession of countries to this organization bears the responsibility of adhering to its laws and decisions in order to maximize the momentum of exchanges Trade between member states, and since agricultural and industrial products constitute an important aspect of international trade and occupy a great place in the interests of the organization and its rules of work, and therefore the accession of Iraq to this organization has become a necessity despite what will result in many positive or negative effects, so Iraq cannot remain isolated from International consensus, and this is what requires him to complete the accession requirements that began in 2004, especially in light of the transformation of the Iraqi economy management after 2003 from the philosophy of the inclusive economy to the philosophy of the free economy. Design/methodology/approach: The paper adopts an exploratory analysis approach to show the impact of Iraq's accession to the World Trade Organization on the Iraqi economy. Findings: Iraq will pay a big price for its delay in joining due to the restrictions that countries can impose on its accession, especially since the OIC countries, which numbered (164) countries, control nearly (97%) of the volume of world trade in the sectors of goods, services, intellectual property and transactions. Finance, communications and information technology services. Research, Practical & Social implications: In this paper, we propose a plan for future study and emphasize Iraqi executive and economic policymakers' achievements. Originality/value: The findings show an increasing number of publications, with the economic and commercial sectors being the primary contributor. Oil-producing nations in the Middle East also feature prominently