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- (-) December 2023
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Despite the private sector's support for biotechnology, Venezuela maintains a ban on the domestic use and research of modern biotechnology-derived agriculture. Venezuela’s basis for the ban is through the Seed Law of December 2015, which also prohibits the importation of genetically engineered (GE) seeds.
Three years of economic contraction, hyperinflation and diminishing hard currency for imported agricultural inputs and raw materials will negatively impact production, consumption and trade....
The Venezuelan economy is in crisis. Three years of economic contraction, hyperinflation and diminishing hard currency for imported goods will negatively impact production, consumption, and trade....