This presentation is a comparison of the economy as well as government policies between Canada and Saudi Arabia

1. Saudi Arabia and Canada –
Policies and Analysis
By: Paul Young, CPA, CGA

2. Disclaimer
• This presentation discusses Trade and Foreign policies between
Canada and Saudi Arabia

3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

4. Agenda
• Saudi Arabia GDP
• Canada GDP
• Comparison between Canada and Saudi Arabia
• Foreign Relations
• Exports/Import Analysis
• Summary

5. Saudi Arabia - GDP
Saudi Arabia has been recording trade
surpluses since 1968 due to shipments of oil
(87 percent of total exports). Main imports
are: machinery, mechanical appliances and
electrical equipment; transport equipment
and parts thereof and base metals. Main
trading partners are: United States (14
percent of total exports and 12.6 percent of
imports), China (12 percent of exports and
13 percent of imports) and Japan (13
percent of exports and 6 percent of imports

6. Canada GDP
Analysis:
• Oil accounts fo 2% of
GDP
• Canada exports 70%
of goods/services to
USA
• Canada top three
trade partners are
CET, USA and China

7. Canada and Saudi Arabia
Saudi Arabia Canada

8. Canada and Saudi Arabia Relations
• Saudi Arabia buys our armoured vehicles
• A London, Ont., company called General Dynamics Land Systems inked a $15-billion deal last year to sell armoured vehicles to Saudi Arabia.
Susan Truppe, a local Conservative MP, called the deal the “largest advanced manufacturing export win in Canada’s history.” She said it
would create 3,000 jobs in Canada over 14 years. Prime Minister Stephen Harper greets King Abdullah bin Abdulaziz Al Saud at the G20
Summit in Toronto, on Saturday, June 26, 2010. (The Canadian Press / Paul Chiasson) But many have questioned the sale. “That’s a lot of
weaponry to a country that has a very notorious human rights record,” says Alex Neve of Amnesty International Canada.
• Women Rights
• Women are still not allowed to drive. There are no political parties. Recently, a blogger named Raif Badawi was sentenced to 10 years in
prison, 1,000 lashes and a fine of about $266,000 for criticizing Saudi clerics. His wife and family live in Canada.
• Doctor Training / Academics
• Saudi doctors train in Canada Canada has trained more than 4,000 Saudi physicians over the past three decades, including at least one Saudi
Minister of Health. In 2010, there were 900 Saudi doctors training in Canada – more than in any other country in the world, according to the
Department of Foreign Affairs and International Trade. It’s not just doctors. There are more than 15,000 Saudi students in Canada and Saudi
Arabia is the fourth biggest source country for international students in Canada.
Oil
• Saudi Arabia has more proven oil reserves than any other country in the world, according to the U.S. Department of Energy. Its reserves are
so big that analysts believe it can affect the global price of oil by changing how much it produces. The price of oil matters greatly to Canada,
which has the third-largest reserves. In fact, the Bank of Canada revised its outlook for the Canadian economy this week because of
dropping oil prices.
Foreign Policy – Iran
• “The Saudi government plays an important role in promoting regional peace and stability,” according to the Government of Canada. Canada
sees Saudi Arabia as a counterbalance in the Middle East against Iran, which both view as a threat. John Baird, Canada’s foreign minister,
fears that Iran is making a nuclear weapon and has called out the country for its support of Hezbollah, which Canada considers a terrorist
organization.

9. Canada and Saudi Arabia

10. Summary
CBC – January 7, 2016
Justin Trudeau advised to
deepen ties with Saudi Arabia,
brace for change in Iran