The Rising Influence of Rising Affluence

[DewDiligence]

(MON)—US Senators press Obama on China’s ag-biotech policy:

http://precision.agwired.com/2015/09/25/senators-urge-obama-to-push-biotech-in-china/

U.S. Senators John Thune (R-S.D.) and Debbie Stabenow (D-Mich.), both members of the Senate Finance Committee and Senate Agriculture Committee, along with 42 other senators, have sent a letter to President Obama. This letter asks Obama to address the concerns of Chinese delay in accepting U.S. biotech while President Xi is in Washington D.C.

Currently, China takes forever to approve importation of new biotech crops from foreign companies. In almost every case, China’s approval for importation is the last regulatory step before a new biotech crop is launched in the US, Canada, Brazil, or Argentina (the main exporting countries for biotech crops).