Muslim Countries’ Participation, Challenges, and Development in pdf

Muslim Countries’ Participation, Challenges, and Development in

More Book Details

Description of the Book:

Muslim countries are integrated into worldwide trading through membership in GATT and WTO. Many Muslim-majority countries are members of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). Many Muslim countries are emerging nations and face challenges while participating in the global trade system. If a country does not comply with its WTO commitments, then other countries may take action through the WTO dispute settlement process. WTO is an international organization that facilitates international trade and helps to ensure that trade flows smoothly, predictably, and freely. This organization performs these tasks by promoting the adoption of open and fair trade policies, providing a forum for negotiations, and settling trade disputes between countries. Muslim countries, like other countries, may participate in WTO and are subject to its rules and agreements. Some Muslim-majority countries, such as Indonesia, Pakistan, and Turkey are founding members of WTO, while others joined at various points since its inception.

Participation in WTO may bring a number of benefits to Muslim countries including increased access to global markets, the opportunity to shape global trade rules, and the ability to use WTO’s dispute settlement mechanism to resolve trade disputes. GATT and WTO are global organizations that play a significant role in shaping the international trade policies. Muslim countries are integrated into worldwide trading through their membership in the GATT and WTO, however, many of these countries continue to face challenges while participating in the global trade system. The current research aims to examine the participation, challenges, and development of Muslim countries in the GATT and WTO system. It provides a brief overview of GATT and WTO along with their respective roles in facilitating international trade. It also highlights the benefits and challenges faced by Muslim countries while participating in these organizations. Furthermore, this study analyses the impact of WTO on the trade policies of Muslim countries and the implications of WTO accession for their economic development.

To achieve these objectives, a review of existing literature and scholarly articles was conducted. It also draws on the case studies of Muslim countries, such as Pakistan, Bangladesh, and Afghanistan to illustrate the practical implications of participating in WTO. By providing an overview of the participation, challenges, and development of Muslim countries in the GATT and WTO system, this study seeks to contribute to a better understanding of the issues faced by these countries in the global trade system

• Book Topics/Themes: economic development, General Agreement on Tariffs and Trade (GATT), international organization, Muslim countries, World Trade Organization (WTO

An excerpt captured from the PDF book