EU's moratorium on new GM crops could be challenged. (Markets).

Chemical Market Reporter, January, 2003

THE INCOMING chairman of the Senate Finance Committee is urging the White House to file a complaint with the World Trade Organization (WTO) over the European Union's (EU) moratorium on approvals of new genetically modified (GM) crops, which is thwarting US sales of agricultural commodities.

Senator Charles Grassley (R-Iowa) says the US has a strong legal basis for a WTO challenge, and there is wide support in the agricultural community for "drawing a line in the sand" to prevent other countries from imposing similar restrictions on the products of biotechnology. For the past four years, the EU has not allowed food products and animal feed that contain ingredients derived from biotechnology to be placed on the European market. EU member states...

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