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Record information and status
Record ID
Date of creation
2019-05-28 19:39 UTC (cjg072@mail.usask.ca)
Date of publication
2019-07-04 19:22 UTC (austein.mcloughlin@cbd.int)

General Information
The Costs of Regulatory Delays for Genetically Modified Crops
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
Author’s contact information
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
  • English
Publication date
Summary, abstract or table of contents
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.
Thematic areas
Additional Information
Type of resource
  • Article (journal / magazine / newspaper)
Publisher and its location
Estey Journal of International Law and Trade Policy
24 pages, pdf. format
Journal of International Law and Trade Policy; Volume 17 Number 2 2016/pp.173-195 http://www.usask.ca/esteyjourna
Keywords and any other relevant information
decision-making, food security, innovation, investment, uncertainty
Access to the resource