 Asynchronous Approvals and the Low Level Presence of Unapproved GM Products in Imports: How “Tolerant” Should Small Countries Be?A chapter in The Coexistence of Genetically Modified, Organic and Conventional Foods, 2016, pp 291-309 from Springer Abstract: Abstract This chapter analyzes the economic effects of different implementation options of low level presence policies to cope with asynchronous approval of GM events in the case of small countries. A simple analytical model is developed to identify factors for consideration in the design of regulations and apply it to the case of Vietnam. The model shows that the tolerance level, the delay for LLP approval, the delay for full approval, and the degree of trust in exporter’s regulations are three determinant factors. In the case of Vietnam, the total cost of having a rapid approval for GM events approved in five developed countries is estimated to amount to USD18 million. In the longer term, additional costs for zero tolerance level range from a few USD million to over 50 million per year. These costs need to be compared to the perceived benefits of implementing a zero tolerance policy. Keywords: Genetically Modify; Tolerance Level; Consumer Surplus; Genetically Modify Crop; Genetically Modify Maize (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-1-4939-3727-1_23 Ordering information: This item can be ordered from DOI: 10.1007/978-1-4939-3727-1_23 Access Statistics for this chapter More chapters in Natural Resource Management and Policy from Springer |
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