Abstract
Asynchronous regulatory approval and commercialization of new GM traits in a range of extensively traded food crops can cause significant trade disruptions. The adventitious presence of a number of unapproved or incompletely approved traits in canola, corn, rice and flax has been associated with economic harm. Market losses from diversion to second-best markets, increasing marketing costs for securing quality assured supplies, added regulatory compliance time and costs as well as costly and often destructive litigation have been linked to such events. Fears of similar events in wheat, soybeans and other staple crops have generated significant concern. This chapter examines the root of the regulatory challenge, evaluates the immediate impacts on the market, assesses the long-term implications on research and investment in advanced crop varieties and considers the global impacts on consumers and food security.
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Smyth, S.J., Kerr, W.A., Phillips, P.W.B. (2017). Global Trade Impacts from Low Level Presence. In: Biotechnology Regulation and Trade. Natural Resource Management and Policy, vol 51. Springer, Cham. https://doi.org/10.1007/978-3-319-53295-0_4
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DOI: https://doi.org/10.1007/978-3-319-53295-0_4
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