Browse Data and Analysis

The Australian federal government is supportive of biotechnology and has committed considerable long-term funding to research and development.

In 2009, Serbia adopted the current “Law on Genetically Engineered Organisms (GEOs),” which strictly prohibits importing, producing, or commercial growing genetically engineered crops. After more than ten years, Serbia still has not implemented changes to this “Law on GEOs” that conforms to European Union (EU) regulations or the World Trade Organization (WTO) Sanitary and Phytosanitary (SPS) agreement.

Very high temperatures starting in May and low precipitation did not have a negative effect on wheat and barley production in Serbia, while corn yield will be reduced by at least 20 percent.

Milk production in 2022 in Australia is forecast to increase moderately to 9.1 million metric tons (MMT) after a falling in 2021 to an estimated 9.0 MMT, a one percent decline from 2020.

Australia is a prosperous and industrialized nation with a stable economy. Underpinning Australia's strong economy is its open and transparent trade and investment environment, and trade and economic links with emerging economies, particularly in Asia.