Monsanto to take part in drafting legislation to regulate Argentina's GM seed trade
http://www.biothai.org/cgi-bin/content/news/show.pl?0382

EXCERPT: "Following meetings with the (Argentinian) authorities, Monsanto has agreed to take part in drafting new legislation to regulate the trade of GM seeds in the country."
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Legislation will be proposed to regulate commerce in genetically modified (GM) seeds
Business Latin America via NewsEdge Corporation :

Argentina is the second-largest producer of GM soya in the world, after the US, but only about 40% of farmers that plant Monsanto (US)-patented Roundup Ready (RR) soya seeds pay royalties. Monsanto recently said in newspaper advertorials it would resort to collecting royalties on Argentinian-grown soybeans at ports of destiny, a threat the Agriculture Secretariat deemed extortion. Following meetings with the authorities, Monsanto has agreed to take part in drafting new legislation to regulate the trade of GM seeds in the country.

Source: Economist Intelligence Unit, 18 Oct 2004

Copyright 2004 Economist Intelligence Unit

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