Description
Title: Agricultural Products’ Import Risks in International Trade
Abstract: The primary risk groups will be identified in this paper based on how important they are to the value of agricultural products. Eight categories of risks related to the import of agricultural products were identified after a review of the scientific literature: supply risks, demand risks, production risks, management plus operational risks, logistical plus infrastructural risks, political risks, policy plus regulatory risks, and financial risks. Three Multicriteria Decision Support Methods (MCDM)—SAW, TOPSIS, and Geometric Means—for expert evaluation are used to evaluate the significance of all import risk groups. The article introduces a new framework for assessing import risks called CIRA (Country’s Imports Risk Assessment), which supports a methodical approach to managing international trade risks for a nation. Production (the most significant risk group), logistical plus infrastructural, financial, management plus operational, political, supply, policy plus regulatory and demand risks are the risk groups that appear in the results in the order of importance.
Keywords: import risks; agricultural products; agro-trade; food import; SAW; TOPSIS; geomet-ric means
Paper Quality: SCOPUS / Web of Science Level Research Paper
Subject: Economics
Writer Experience: 20+ Years
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