Does over-regulation of GMOs stymie development, reduce competition?

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Our regulatory experience over decades includes thousands of case by case reviews by the EPA and USDA (in addition to some by NIH) of exclusively low- or trivial-risk genetically engineered agricultural products. This wrong-headed, expensive, one-size-fits-all regulation has obstructed the development and acceptance of the technology, inhibited its diffusion to additional important applications, boosted the costs of R&D and discouraged entrepreneurial interest in entire once-promising sectors.

Attempts to rationalize the regulation have been obstructed by the “regulatory capture” of government agencies: With support from anti-technology activists, agribusiness companies wishing to create market-entry barriers to competition have urged over-regulation of their own products, including genetically engineered plants, animals and microorganisms. Industry lobbyists have gotten the excessive regulation they wanted, and the inflated R&D costs have inhibited competition and innovation.

. . . .

It is long past time to implement the kind of scientifically defensible, product-focused and risk-based oversight envisioned in the Coordinated Framework. . . .

Read full, original post: ‘GMO’ Regulation: After 30 Years, Let Science Finally Show The Way

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