Under the new deal, China’s National Biosafety Committee will meet to assess the safety of eight products made by four major U.S. agrochemical companies. China will evaluate eight pending U.S. agricultural biotechnology product applications, potentially opening the door for sales by Dow AgroSciences, DuPont Pioneer, Monsanto, and Syngenta. According to a news source, China agreed to conduct the evaluations as part of an agreement unveiled by the White House on May 12. The two… Read more
Executives from consultancy firms and industry experts yesterday called for more deregulation and better government coordination to help boost the biotechnology sector. Audrey Tseng (曾惠瑾), deputy chairwoman of PricewaterhouseCoopers (PwC) Taiwan, said that the government should lift restrictions on angel investors and facilitate tax exemptions for individual investors in biotechnology start-ups to match standards in Singapore. Tseng told a forum organized by the government-funded… Read more
A new report released today by PG Economics has found that over the last 20 years, crop biotechnology has significantly reduced agriculture’s environmental impact and stimulated economic growth in the 26 countries where the technology is used. The innovative agricultural technology has contributed to preserving the earth’s natural resources while allowing farmers to grow more, high quality crops. It has also helped alleviate poverty for 16.5 million, mostly smallholder farmers, in… Read more
Scientists in Brazil are taking steps towards genetically modifying sugar cane so it produces more sucrose naturally, looking to eventually boost the productivity and economic benefits of the tropical grass. Currently, it is common for producers to raise sucrose levels in sugar cane by applying artificial growth regulators or chemical ripeners. This inhibits flowering, which in turn prolongs harvest and milling periods. One of these growth regulators, ethephon, is used to… Read more
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