Global Trade Impacts from Low Level Presence

Stuart J. Smyth (), William Kerr and Peter W. B. Phillips
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Stuart J. Smyth: University of Saskatchewan
Peter W. B. Phillips: University of Saskatchewan

Chapter Chapter 4 in Biotechnology Regulation and Trade, 2017, pp 55-73 from Springer

Abstract: 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 presenceAdventitious Presence (AP) 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.

Keywords: Supply Chain; Global Supply Chain; Global Welfare; Supply Chain Actor; Global Trade Analysis Project (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-53295-0_4

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