Busy Bees, Zero Tolerance, Foregone Trade and Inhibited Investment: Can the Global Divide Over GM Foods Be Bridged?

William Kerr and Jill Hobbs

No 125161, 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil from International Association of Agricultural Economists

Abstract: The global market for agri-food products has been divided for a decade. The division arose over the approval of biotechnology-based innovations – with the European Union temporarily suspending approvals and imports until it could devise a new approval mechanism. Other countries chose between regulatory paths. Trade was disrupted – reducing the profitability of investment. Biotechnology innovations continue to be approved. The potential for contamination of traded non-GM products has increased and the focus has shifted to contamination-based disruptions. Divergent paths were never expected to persist but institutional rigidities are likely to prevent re-synchronization of approvals. The value of forgone benefits will accelerate.

Keywords: Agricultural and Food Policy; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 24
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae12:125161

DOI: 10.22004/ag.econ.125161

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