Egypt Nixes Imports & Exports of Genetically-Modified Food
Marissa Brassfield — August 15, 2009 — Social Good
References: reuters & treehugger
Although genetically-modified (GM) food makes up a significant portion of Egypt's imports, the country has announced that they would no longer be importing or exporting genetically-modified products.
While this decision certainly pleases food purists who oppose genetically-modified food, Egypt's ban on these products is leaving many puzzled. A European trader told Reuters, "A non-GMO policy would not cause difficulties for sunflower oil but it would for soyoil. It would mean that soyoil imports would only be possible from Brazil and not from the U.S. or Argentina."
Only time will tell how Egypt's ban on genetically modified food will affect its economy.
While this decision certainly pleases food purists who oppose genetically-modified food, Egypt's ban on these products is leaving many puzzled. A European trader told Reuters, "A non-GMO policy would not cause difficulties for sunflower oil but it would for soyoil. It would mean that soyoil imports would only be possible from Brazil and not from the U.S. or Argentina."
Only time will tell how Egypt's ban on genetically modified food will affect its economy.
Trend Themes
1. Non-gmo Food - The rise of non-GMO food is a disruptive innovation opportunity as consumers increasingly look for natural and healthful options.
2. Localized Agriculture - Localized agriculture is a disruptive innovation opportunity as countries seek to become more self-sufficient in food production.
3. Transparent Supply Chains - Transparent supply chains present a disruptive innovation opportunity as consumers demand more information about the origin and processing of their food.
Industry Implications
1. Agriculture - The agricultural industry must find ways to adapt to the growing demand for non-GMO and locally-produced food products.
2. Food Processing - Food processing companies must take steps to ensure their supply chains are transparent and meet the demand for non-GMO food products.
3. Import-export - The import-export industry must navigate changing regulations and consumer demand for non-GMO food products in order to remain profitable.
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