Why Is International Trade Important for Sudan

Only available on StudyMode
  • Download(s) : 82
  • Published : April 30, 2013
Open Document
Text Preview
Assumption University

Why is international Trade important for Sudan?

Mohammed Ali

For decades and taught to schoolchildren in Arabic States that Sudan is basket world food for its vast lands suitable for agriculture and water resources and good atmosphere , In addition to other petroleum and mineral wealth, which is not so far clear statistics around. Sudan economies adopted since independence in the middle of the last century on Agriculture and follow the same marketing approach inherited from the colonial period. And has not kept pace with global changes in either marketing or product quality except some agricultural industries that was where the Gulf capital plays a big role since the Gulf oil boom as the sugar. Trade relations and political instability

The positions of the Sudanese Government's political supported for Saddam Hussein during the Gulf war, led to the suspension of Arabic investments for Sudan and cut ties with most of the countries that were business partners with Sudan throughout contracts, and then increased it worse by accusing neighboring Egypt to Sudan in assassination attempt on President Hosni Mubarak in 1993 and then insert United States of Sudan on the list of countries sponsors of terrorism and the application of strict economic sanctions and continues to date. This led to the Sudanese Administration went to countries which direct commercial interests particularly China, and began exporting oil in 1999 and then the Sudanese economy showed a growth rate of more than 10 percent in 2005 due to the increase in oil production, and continued expansion in the construction and services sectors, where it became the fastest growing economies in the world, according to a report in the New York Times in October 2006. Despite the u.s. sanctions imposed. With the secession of southern Sudan on the Sudan in 2010, It has lost 70% of oil revenues and raising inflation to record levels, especially with the lack of agreements with the...
tracking img