Using a theoretical and empirical perspective, this book analyzes how and why the EU's plan to maintain peace and prevent conflict in Iraq and Iran through trade has failed. Between 1979 and 2009, EU trade with Iraq and Iran increased before, during, and after periods of conflict. The author uses case studies of both countries to demonstrate the effects of the peace-through-trade-policy before and after the implementation of the EU Common Foreign and Security Policy in 1992, and shows how the policy failed. This book adds to the trade-peace theory debate and provides evidence supporting the need to review the EU's peace-through-trade policy towards Iraq and Iran, and in general.