GMOs may come under FTP ambit

The Government is proposing to bring out comprehensive norms for exports and import of Genetically Modified Organisms.

NEW DELHI: The Government is proposing to bring out comprehensive norms for exports and import of Genetically Modified Organisms.

The Commerce Ministry is planning to bring trade of GMO items under the ambit of country's Foreign Trade Policy and has initiated the process of consultation with the ministries concerned in this regard, official sources told the media.

The move is aimed at bringing about more clarity in the norms governing the trade of GMOs in face of Government allowing commercialisation of transgenics.

The need for such a clear cut policy has been felt in the backdrop of some countries coming out with very clear and strong policies that favour or reject trade of GM items.


Infact, the World Trade Organisation ruled against the European Union on February 7 in a US-led dispute over import restrictions on genetically modified organisms (GMOs).

A WTO dispute settlement panel backed the complaint by the United States, as well as Argentina and Canada, against an EU-wide moratorium and bans by individual European governments which the three said were unfair, reports said.

After years of trials in 2002 India allowed commercial production of transgenic cotton hybrids thus opening the country's doors to GMO technology

Infact, field trials have begun for genetically modified versions of several crops including mustard, rice, potato and cauliflower.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Policy › GMOs may come under FTP ambit
Text Size:AAA
Success
This article has been saved

*

+