Question

Consider the effect of trade liberalization on agricultural markets. Using your weekly readings and additional research, discuss the challenges experienced by the Saudi Arabia agriculture industry. What financial support does the KSA government provide for its agricultural sectors? How could the KSA improve its agricultural sectors policies? What types of results would you expect for these improvements? Any foreseen consequences?

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Answer 1

Solution:

Q1 * Saudi Arabia has approved financial support for the environment, water and agriculture sectors worth 92 billion riyals ($24.5 billion) to help them meet their goals under the government's 2030 economic plan.

*. The primary agency responsible for implementing agricultural policy is the Ministry of Agriculture, which provides research and extension assistance to farmers. Another supporting agency is the Saudi Arabian Agricultural Bank (SAAB), which disburses subsidies and grants interest-free loans.

* The government of Saudi Arabia is heavily involved in the agriculture industry, and the ministry of agriculture (part of the Ministry of Environment, Water and Agriculture[2]) is primarily responsible for the agricultural policies in the nation. The private sector also plays a role in the nation's agriculture, as the government offers long-term interest-free loans and low-cost water, fuel, electricity, and duty-free imports of raw materials and machinery.

Q2 * The government launched an extensive program to promote modern farming technology; to establish rural roads, irrigation networks and storage and export facilities; and to encourage agricultural research and training institutions.

Q3 *.

The results -

Saudi Arabia is a major exporter of fruits and vegetables to its neighbors. Among its most productive crops are watermelon, grapes, citrus fruits, onions, squash and tomatoes