IJAIR NAAS Score : 3.99 ,ISSN : 2319-1473

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IJAIR NAAS Score : 3.99
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IJAIR NAAS Score : 3.99
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IJAIR NAAS Score : 3.99
"Submissions Open For Volume 8,Issue 5,Mar. - Apr., 2020"


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8,Issue 4,Jan. - Feb., 2020


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IJAIR NAAS Score : 3.99
"Submissions Open For Volume 8,Issue 5,Mar. - Apr., 2020"


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IJAIR NAAS Score : 3.99
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General Trade Performance of Saudi Arabia before and after Accession to the WTO with Special Emphasis on Agricultural Trade

Imad E. Yousif; Safar Aqahtani; Mahdi Alsultan; Mohamed Alnafissa
The objective of this paper is to analyze the impact of Saudi Arabia accession to the WTO on general trade performance with emphasis on agricultural trade. Secondary data was used for the analysis. Before and after analysis was used to achieve the paper objectives. The results showed that there is a significant difference between post accession to the WTO and prior period in terms of value of exports and imports and their share in the GDP. Also, the share of Saudis total trade in the world market is expanded after accession to the WTO. There is an improvement of country integration in the world market after accession to the WTO. There is a decline in total export growth in the second period after accession to the WTO, while total import growth rise due to changes of oil price. Regarding agricultural trade, there is a decline in the share of agricultural exports in total exports after accession to the WTO although in value term it increases. Saudi Arabia is a net importer of food product and this situation is more aggravated after accession to the WTO. The comparative advantage of agricultural sector is deteriorated in the post WTO accession.
Select Volume / Issue:
Year:
2020
Type of Publication:
Article
Keywords:
WTO Accession; Trade Performance; Agricultural Trade; Saudi Arabia
Journal:
IJAIR
Volume:
8
Number:
5
Pages:
390-400
Month:
March
ISSN:
2319-1473
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