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Assessment of Biotechnology Policies and International Trade in Key Markets for U.S. Agriculture

Published online by Cambridge University Press:  28 April 2015

Mary A. Marchant  and
Baohui Song
Mary A. Marchant
Affiliation:
Department of Agricultural Economics, University of Kentucky
Baohui Song
Affiliation:
Department of Agricultural Economics, University of Kentucky
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Abstract

The United States leads the world in agricultural biotechnology research, adoption, commercialization, and exports. Our biotech commodities are highly dependent on international markets. Thus, any biotech policy changes by key importing countries may affect U.S. agricultural biotech product exports. This article identifies key markets for U.S. agricultural exports including biotech commodities and discusses current and proposed biotech policies in key markets for U.S. agricultural exports focusing on Canada, Mexico, Japan, the European Union (EU), and China. Among these markets, labeling of biotech products is voluntary in Canada and Mexico but is mandatory in Japan, the EU, and, most recently, in China. For the EU, U.S. corn exports were almost completely shut out, while U.S. soybean exports also declined because of the EU's biotech policies. The World Trade Organization dispute filed by the United States has yet to be finalized. China's biotech regulations raised concern by U.S. agricultural exporters. However, through U.S. Department of Agriculture education programs, U.S.–China negotiations, and China's domestic soybean shortage, China's biotech regulations do not appear to have had long-run impacts on U.S. soybean exports to China.

Keywords

biotechnologybiotech policycorncottoninternational tradesoybeansU.S. agricultural exportsQ13Q17Q16Q18
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 37 , Issue 2 , August 2005 , pp. 379 - 391
Copyright
Copyright © Southern Agricultural Economics Association 2005

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