1. Research the effects of the Saudi Arabian government’s policies regarding int
ID: 1111196 • Letter: 1
Question
1. Research the effects of the Saudi Arabian government’s policies regarding international trade. Focus on the value of items traded, and the balance of trade. Consider:
a-Name the countries that are trading with the Saudi Arab.?
b-How much is Saudi Arabia importing and exporting from/to certain countries?
c-What does an imbalance of importing and exporting do to an economy?
d-How is currency involved?
e-How does the Saudi Arabian government make policies with regard to international trade (like tariffs, import/export taxes, etc.)?
f-How do a sanctions on some countries affect their trade with Saudi Arabia?(give examples)
Explanation / Answer
A) and B). Trade of these things is major:-
Machinery & Equipment
Foodstuffs
Chemicals
Automobiles
Major trading partners:-
China (13.3%)
US (12.1%)
India (8.3%)
Germany (6.5%)
South Korea (5.4%)
Japan (4.9%)
C. Imbalance creates economical imbalance, it creates surplus when imports are lesser than export or creates deficit otherwise.
D. FOREX takes place which is the currency exchange while importing and exporting.
E. When any country is sanctioned, no one trades with it as a part of boycott. Eg. CUBA
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