The Impact of Jordan’s Accession to the World Trade Organization on the Jordan Economy

Abstract

This study aims to show the impact of Jordan’s accession to WTO on the Jordanian economy. The descriptive analytical approach was used to conduct this study, where, qualitative data was collected from published articles in Scientific Journals in order to identify the WTO in terms of objectives and membership conditions. The analytical side of this study relies on quantitative data related to a number of economic indicators namely; exports volume, foreign investments, foreign trade, inflation rates, and GDP rates, these data were collected from the reports issued by the official agencies such as the Central Bank of Jordan and Ports Corporation.

The main findings of the study show that Jordan’s accession to WTO has a positive impact on exports, foreign trade and foreign investments, and no impact on inflation rates.

The researcher suggested exploiting the membership in WTO to build other relations with the members, such as, educational, tourist and therapeutic relations.