The World Trade Organization (WTO)

The WTO Chairs program at SQU seeks to examine alterations in trade dynamics among Gulf Cooperation Council (GCC) nations following intensified collaboration. The project aims to utilize the well-established Gravity Theory of Trade, while incorporating novel elements such as the examination of the pronounced reliance of these countries on oil and gas. Data will be sourced from reputable outlets like the World Trade Organization, and a specialized dataset from the French research institution Cepii will be used, employing latest mathematical methodologies to discern the impacts of various factors on inter-country trade, particularly their ramifications for distinct sectors of their economies. The principal objective is to furnish practical guidance for formulating policies conducive to augmenting trade and fostering economic growth within the GCC region. This entails an exploration of the influences exerted by regional trade agreements, alongside an examination of non-tariff barriers encompassing regulations and standards that, while not constituting taxes, significantly influence trade patterns. The project aims to provide tailored policy actions for leaders and policymakers within these nations, facilitating judicious decision-making to propel economic expansion through enhanced regional trade.