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China OKs imports of two new GMO crop varieties from Dow, Monsanto

Published 06/14/2017, 01:05 PM
Updated 06/14/2017, 01:05 PM
© Reuters.  China OKs imports of two new GMO crop varieties from Dow, Monsanto
  • China's government approves imports of two new varieties of genetically modified crops, a move that follows a pledge to accelerate a review of biotech seed applications as part of a new trade deal with the Trump administration.
  • The decision, which affects genetically engineered corn and soybean varieties developed by Dow Chemical (DOW -1.1%) and Monsanto (MON -0.1%), will help clear a backlog of biotech seeds that have awaited approval from China, in some cases for years.
  • China does not permit the planting of GMO food crops but does allow imports, such as soybeans, for use in its animal feed industry.
  • Now read: Dow-DuPont: Billion For A Little Extra Work


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