After Brexit, British agricultural biotech firms have big opportunity in China

Inspired in part by India’s “Green Revolution”, China has been keen to expand their area of influence in the agrichemical sector, and have been investing heavily in their own research into genetically modified technologies. As with many aspects of China’s economy, however, their GM industry is dominated by state-owned companies, reflecting the government’s political objective of securing domestic food supply through improving agricultural productivity.

. . . .

Anxiety about food insecurity in China… could provide a massive impetus to UK agribusiness now it has left the EU. No longer constrained by the Common Agricultural Policy’s protectionist stance towards GMOs, Brexit gives UK scientists and agrichemical businesses the opportunity to become global leaders in this virtually limitless field. When the UK was tied to the EU’s autonomous food security programme, there was little incentive to fund research projects into GM crops…

. . . .

But the referendum gives the UK an unexpected opportunity to seize the initiative. Exiting the EU could revolutionise our farming practices and allow us to capitalise on the urgency of the Chinese to secure reliable food suppliers.

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Read full, original post: Food of the Future: Chinese Food Security and the Opportunities of Brexit

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