Benefits and Costs of Biosafety Regulation in India and China

Carl E. Pray, Jikun Huang, Ruifa Hu, Qihuai Wang, Bharat Ramaswami and Prajakta Bengali
Additional contact information
Carl E. Pray: Rutgers University
Ruifa Hu: Chinese Academy of Science
Qihuai Wang: Chinese Ministry of Agriculture
Prajakta Bengali: Marketics Technologies India Pvt. Ltd.

Chapter Chapter 22 in Regulating Agricultural Biotechnology: Economics and Policy, 2006, pp 481-508 from Springer

Abstract: Abstract Developing countries are rushing to build effective biosafely regulatory systems in response to the spread of genetically modified organisms. So far, few of them have considered the costs and benefits of building and implementing such a system. This chapter takes a modest step in that direction by listing some of the possible costs and benefits of regulation and then giving some examples of costs and benefits to regulation in India and China. It finds that private firms’ costs of complying with biosafety regulations for Bt cotton have been substantial in India but much less in China. On the benefits side the paper provides a detailed example of economic benefits from restricting unapproved genes in China and evidence that a transparent regulatory system might increase the demand for GM products.

Keywords: regulation; biotechnology costs; India; China (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/978-0-387-36953-2_22

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