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In December 2016 Monsanto shareholders voted in favour of the sale of the company to Bayer for US$66 billion, making it the largest-ever foreign corporate takeover by a German company. Both Bayer and Monsanto are major global manufacturers of agrochemicals and seeds, including genetically modified seed.
Across the world, the use of bilateral trade instruments to prise open markets for genetically modified (GM) crops is escalating. To expand business overseas, the biotech industry needs stronger intellectual property rules and weaker biosafety standards. Bilateral trade deals are an effective way to do this.
OPENING PANDORA'S BOX: GMOS, FUELISH PARADIGMS AND SOUTH AFRICA's BIOFUELS STRATEGY [button icon="" size="medium" backgroundcolor="#99cc00" color="#ffffff" target="_blank" link="http://acbio.org.za/sites/default/files/2015/02/biofuels_and_GMOs.pdf"]read more[/but
GM Drought Tolerant Soybean and its use in the Production of Biodiesel [button icon="" size="medium" backgroundcolor="#99cc00" color="#ffffff" target="_blank" link="http://acbio.org.za/sites/default/files/2015/02/turningfoodintofuel.pdf"]read more[/button]
Two World Bank projects, with funding from the GEF (Global Environmental Facility), propose to introduce genetically modified crops such as maize, potatoes, cassava, rice and cotton into African and Latin American countries that are centres of origin or diversity for these and other major food crops.
Controversy over genetically modified (GM) food aid arose in 2000 in Latin America, and Asia, and exploded in 2002, when several southern African countries refused GM food aid during a food crisis. Now, in 2004 the controversy has erupted again after Sudan and Angola imposed restrictions over GM food aid.