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Article: Another look at biotech regulation: are Europe's labeling laws for genetically modified foods cost-effective, or even necessary?(Agriculture)
- Article from:
- Regulation
- Article date:
- March 22, 2004
- Author:
CopyrightCOPYRIGHT 2004 Cato Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DISCUSSIONS OF APPROPRIATE REGUlatory norms for genetically modified foods date back to the early 1980s. Twenty years later, agreement among key trading countries on what such norms should be remains elusive. Some countries, including the United States, consider genetically modified foods substantially equivalent to conventional ones and regulate them similarly. Others, including the European Union, scrutinize and require mandatory labeling of genetically modified foods.
Mandatory labeling has added costs to the trade of agricultural commodities and food products and has restricted market access. Nevertheless, regulators in the EU have argued that mandatory ...