Venezuela: Agricultural Biotechnology Annual
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Despite private sector support for biotechnology, Venezuela’s ban on the domestic use of and research on modern biotechnology-derived agriculture remains in place. The backbone of this ban is the Seed Law of December 2015, which also prohibits the importation of genetically-engineered seeds. However, Venezuela permits the importation of biotechnology-derived crops, which the United States is the leading exporter of including corn, soybeans, soybean meal, and soybean oil. The United States supplied an estimated 815,000 MT of genetically engineered crops in 2021 to Venezuela, representing a market share of 56 percent, followed by Brazil and Mexico.