Iraq Economic Sanctions

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Economic Sanctions on Iraq Trade is a basic economic concept which is the exchange of service and goods between a buyer and seller, trade have a lot of advantages and in the other side disadvantages, the advantages of trade its increased the economic growth also low prices the consumers will benefit from that the disadvantages its affect the local producers and small business, the countries who have a trade with Iraq are suffered from the economic sanctions, The economic sanctions is a decision taken by the UN to put some economic punishment on countries, in 1990 the UN take a decision to made an economic sanction on Iraq the UN made this decision when Iraq invaded Kuwait on 1991 after Iraq retreat, the sanctions on Iraq continued to 2003,