Posted December 12, 2013
After China rejected U.S. corn shipments, a top U.S. Federal Reserve official suggested that farmers consider internationally accepted standards for genetically modified (GMO) crops, according to an article by AgProfessional available here.
Richard Fisher, Dallas Federal Reserve Bank President, told farmers at a meeting in Chicago that it was important that the “revolution of genetic modification be responsibly carried forward” to avoid threatening trade.”
As of last week, about “two million tonnes of U.S. corn heading to China faced stringent testing for an unapproved genetically modified variety after several cargoes were denied entry by state quarantine authorities.”
China is one of the top importers of U.S. corn and has rejected several cargoes and containers of corn testing positive for Syngenta AG’s Agrisure Viptera, which has not been approved in China. The corn variety, also known as MIR 162, has been in the U.S. supply since 2011 and has been approved by Japan, South Korea, Russia, and the European Union.
Reuters also reported on the story here.
For more information on biotechnology and international trade, please visit the National Agricultural Law Center’s website here and here.
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