@article{Jackson:57898,
      recid = {57898},
      author = {Jackson, Lee Ann and Anderson, Kym},
      title = {WHY ARE US AND EU POLICIES TOWARD GMOs SO DIFFERENT?},
      address = {2003-02},
      number = {414-2016-26132},
      pages = {15},
      year = {2003},
      abstract = {The development of genetically modified (GM) agricultural  products requires new policies to manage potential food  safety and environmental risks. The policy positions taken  to date on GM foods by the United States and the European  Union are very different. The US has few restrictions on  production and trade in GM food products and no costly  labelling requirements, whereas the EU has close to a ban  on the production and importation of GM foods. This paper  seeks to explain (a) why both the US and EU policies are  extreme in the light of the uncertainty about the risks  associated with GM foods, (b) what their consequences are  for income distribution and trade in farm products, and (c)  what it means for the GM policies and economic welfare of  people in other (particularly developing) countries. In  this paper we use the GTAP global economy wide model to  estimate the extent of the trade, national welfare and  income distributional effects of the actual policy choices  of the US and
the EU as compared with what they would be if  GM products were adopted with less-distortionary
GM  policies. The distributional effects are used to also shed  light on why the US and EU have adopted such different  sub-optimal GM policies.},
      url = {http://ageconsearch.umn.edu/record/57898},
      doi = {https://doi.org/10.22004/ag.econ.57898},
}