Today the dispute settlement panel formed under the United States-Mexico-Canada Agreement (USMCA) issued a final ruling related to Mexico's restrictions on the importation of genetically modified (GM) corn. In response, John Crowley, President and CEO of the Biotechnology Innovation Organization (BIO), issued the following statement:
"Today’s decision by the U.S.-Mexico-Canada Agreement (USMCA) dispute panel serves as a monumental victory for the future innovation of agricultural production technologies and the millions of consumers worldwide who stand to benefit from their use.
“For decades, rules-based trade agreements have allowed the United States and its trading partners to thrive—encouraging the advancement of new technologies designed to mitigate the impact of climate change and increase global food security.
"BIO is grateful for the panel’s time, applauds its thoughtful review of this important issue, and will continue to advocate for the global implementation of food policy standards that are both transparent and science-based with respect to genetic engineering of food products.”