USDA/FAS GAIN report CH5069

Report Highlights

Despite problems in transparency in the development of regulations combined with onerous testing requirement on imported biotechnology products, U.S. biotech soybeans and other products are selling at record highs and are forecasted to continue doing well in the future. It seems clear now that biotechnology will play an integral part of China’s agricultural development in the next 20 years. China is currently the largest market for U.S. agricultural
biotechnology products, is the fifth largest producer of biotechnologically enhanced plants based on total number of acres, and is developing a strong biotech research program. China is set to become an even larger player in agricultural biotechnology as it has just ratified the Biosafety Protocol. FAS Beijing continues to work with the Chinese government in this area and to push for increased transparency and overall market access for U.S. biotechnology crops.

Full report in PDF format: http://www.fas.usda.gov/gainfiles/200601/146176661.pdf