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On August 17, 2021, the European Commission (EC) approved seven genetically engineered (GE) crops (3 corn, 2 soybean, 1 rapeseed, and 1 cotton) and renewed the authorizations for two corn and one rapeseed crop used for food and animal feed.
The United Kingdom’s anticipated exit from the European Union (Brexit) will not change policy or trade in genetically engineered plants or animals in the short to medium term.
While the United States had a $16 billion agricultural trade surplus with the rest of the world in 2015, it ran a record $12 billion trade deficit in farm and food products with the European Union.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
By the end of 2014, Poland’s parliament is expected to complete comprehensive legislation on agricultural biotechnology.
The ability of U.S. agricultural and food exporters to penetrate the growing EU market is constrained by tariff and non-tariff trade barriers and increased global competition.
Turkey was the 11th-largest export market for U.S.agricultural products in calendar year 2011.