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On June 29, 2022, the European Commission (EC) approved one genetically engineered (GE) crop (maize) for food and animal feed. The authorization was published in the European Union’s Official Journal on July 1, 2022 and remains valid for 10 years.
The value of Panama’s food processing ingredients market is valued at $110 million annually with U.S. products holding 60 percent of the market share.