The Costs of Regulatory Delays for Genetically Modified Crops

The timely and efficient commercialization of innovation is one of industry’s principal needs if it is to invest in research and development within a given jurisdiction. Increasing regulatory requirements are resulting in longer regulatory approval times, and in some cases where socio-economic considerations are now part of the regulatory approval process, the regulatory system has been put into gridlock, unable to approve new varieties. This increased regulatory approval time creates increased uncertainty for those that invest in agricultural research and development. If the regulatory approval uncertainty gets too high, further investment in agricultural innovation is jeopardized. Several regulatory delay scenarios are modeled, highlighting the investment risk that is established. The article concludes that future public sector investment in agricultural research and development is at risk, given the increase in regulatory approval times for GM crops.

Phillipson, Martin
Kerr, William A.
Issue Date:
Publication Type:
Journal Article
Record Identifier:
PURL Identifier:
Published in:
Estey Journal of International Law and Trade Policy, Volume 17, Number 2
Page range:
Total Pages:

 Record created 2017-04-01, last modified 2018-01-23

Download fulltext

Rate this document:

Rate this document:
(Not yet reviewed)