Abstract
Biotech crops represent a substantial share of key agricultural commodities traded in international markets, primarily maize, soybeans, cotton, and canola. Unique among agricultural innovations, though, biotechnology is strictly regulated.
Partial funding for the research was provided by Croplife International and the International Food & Agricultural Trade Policy Council.
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Notes
- 1.
EU 27 is counted as a single entity here.
- 2.
Because of divergent policies as well as other factors, there are also significant discrepancies in the number of new biotech events that have been approved by different countries. For instance, the US has approved 171, Japan 201, and Canada 155 while the EU has approved 73 and China 55 new biotech events, including approvals of stacked traits.
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Kalaitzandonakes, N., Kaufman, J., Yea, S., Zahringer, K. (2016). Potential Economic Impacts of Asynchronous Approvals of Biotech Crops on South Korea. In: Kalaitzandonakes, N., Phillips, P., Wesseler, J., Smyth, S. (eds) The Coexistence of Genetically Modified, Organic and Conventional Foods. Natural Resource Management and Policy, vol 49. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-3727-1_21
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