The Case For and Against Import Embargoes on Products of Biotechnology
AbstractThis article examines alternative trade policy responses available to an importing country with concerns over innovations in biotechnology. Regardless of the policy response, the importing country may be worse off after a new genetically modified food (GMF) is introduced. While an import embargo may be preferable to allowing free access to unlabelled GMF imports, permitting labelled imports is typically superior to an embargo. Thus, import embargoes on products of biotechnology should not be generally allowed. The paper provides surprising support for the existing WTO provisions on Technical Barriers to Trade, but suggests significant potential problems with the recently negotiated Biosafety Protocol.
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Bibliographic InfoArticle provided by Estey Centre for Law and Economics in International Trade in its journal Estey Centre Journal of International Law and Trade Policy.
Volume (Year): 01 (2000)
Issue (Month): 01 ()
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asymmetric information; biotechnology; genetically modified foods; import embargo; labelling; International Relations/Trade;
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- Dinopoulos, Elias & Livanis, Grigorios & West, Carol, 2010. "Country of Origin Labeling (C.O.O.L.): How cool is it?," International Review of Economics & Finance, Elsevier, vol. 19(4), pages 575-589, October.
- Dinopoulos, Elias & Livanis, Grigorios T. & West, Carol Taylor, 2005. "How Cool is C.O.O.L.?," Working Papers 15658, University of Florida, International Agricultural Trade and Policy Center.
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