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Panamanian consumers continue perceiving U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand of 14.8 % annually.
In 2013, the number of food retail outlets in Saudi Arabia was estimated at 40,435 stores, an increase of 15 percent over their number in 2012.
The hotel, restaurant and institutional (HRI) food service sector in Saudi Arabia has been rapidly growing in the past decade.
U.S. food and agricultural product exports to Saudi Arabia reached a record-high level of $1.425 billion in FY 2014, an increase of 24 percent over the previous year.
This FAIRS Certificates Report lists major export certificates required by Saudi Arabia’s regulatory and import control agencies for the importation of food and agricultural product into the Kingdom.
This FAIRS Country Report contains updates of the regulatory requirements and procedures for importing food and agricultural products into Saudi Arabia.
The Saudi poultry sector has experienced a major production growth in recent years. Broiler meat production is estimated at 640,000 MT in 2014, and expected to further increase 9 percent in 2015.
There are no significant biotechnology activities reported in Saudi Arabia in 2013/14.
Panama has approved the imports of GM corn seeds for local production, and has conducted GM mosquitoes and salmon field tests.
According to major economic forecasts, Panama is expected to experience the greatest growth in the region during 2014, at an expected rate of 7.2 %, despite delays in the canal expansion project.