The Costs of Regulatory Delays for Genetically Modified Crops (Nov 2016) | BCH-VLR-SCBD-115008 | Biosafety Virtual Library Resources | Biosafety Clearing-House

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last updated: 28 May 2019

General Information
The Costs of Regulatory Delays for Genetically Modified Crops
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Stuart J. Smyth, Department of Agricultural and Resource Economics, University of Saskatchewan, Canada, José Falck-Zepeda, International Food Policy Research Institute, Washington, DC, USA, Karinne Ludlow, Faculty of Law, Monash University, Australia Contact author: Stuart Smyth, Department of Agricultural and Resource Economics, University of Saskatchewan, 51 Campus Drive, Saskatoon, Sask., S7N 5A8, Canada; email: stuart.smyth@usask.ca
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Estey Journal of International Law and Trade Policy
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2016-11
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Journal of International Law and Trade Policy; Volume 17 Number 2 2016/pp.173-195 http://www.usask.ca/esteyjourna
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Information on the content of the resource
The timely and efficient commercialization of innovation is one of industry’s principal needs if it is to invest in research and development within a given jurisdiction. Increasing regulatory requirements are resulting in longer regulatory approval times, and in some cases where socio-economic considerations are now part of the regulatory approval process, the regulatory system has been put into gridlock, unable to approve new varieties. This increased regulatory approval time creates increased uncertainty for those that invest in agricultural research and development. If the regulatory approval uncertainty gets too high, further investment in agricultural innovation is jeopardized. Several regulatory delay scenarios are modeled, highlighting the investment risk that is established. The article concludes that future public sector investment in agricultural research and development is at risk, given the increase in regulatory approval times for GM crops.
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https://bch.cbd.int/onlineconferences/ra_guidance_references.shtml

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Additional Information
Identifier (ISBN, ISSN, etc.)
https://ageconsearch.umn.edu/record/253074
Format
24 pages, pdf. format
Keywords and any other relevant information
decision-making, food security, innovation, investment, uncertainty
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