The Effect of Trade Liberalization on Agricultural Markets

Global Economy
Students Name
Institution

Saudi Kingdom Agriculture 1
The Effect of trade liberalization on agricultural markets
Through globalization, national food consumption patterns have diversified. This
is due to the import and exportation of agricultural produce across countries and continents.
Through globalization, consumers of agricultural products have a large variety of food choices
thus diversified agricultural product consumption habits. Additionally, globalization has brought
about technological advancements such as drones which have eased the farming and production
products. Further, through globalization, advanced research on agro-biodiversity has been
advanced.
Financial support by the Saudi Government to its agricultural sector.
Notably, the Saudi government has supported its agricultural economy through
the introduction of subsidies through the Saudi Arabian Agricultural Bank (Embassy of Saudi
Arabia, N .d).Further, the bank offers loans that are interest free to farmers so that they can
practice agriculture. In an effort to boost agricultural outcomes, the Saudi government partakes
in the distribution and reclamation of land for agricultural purposes hence supporting better
agricultural outcomes. Also, the Saudi government has funded agriculture based research
projects to boost the process of farming, preservation and food production.