Tag Archives: wto

EU Moratorium on Approval of Agricultural Biotechnology products Termed Illegal

As per the office of the U.S. Trade Representative, WTO has given a ruling that EU moratorium on agricultural biotechnology products approval is illegal. As per Susan Schwab, a top U.S. trade negotiator stated that the ruling has brought U.S. closer towards clearing barriers and expansion of global use of promising advances in the area of food production. The decision thus uphelds a challenge which was brought to WTO in the year 2003 by Argentina, Canada and US and these countries stated that the moratorium on biotech application approvals which was adopted in 1998 was not in compliance with WTO trade rules. Despite all this there is still a lot of support for agricultural biotechnology in Europe.