American soybean industry's view on China's genetically modified regulations

Introduction: according to Reuters, the U.S soybean industry hopes to minimize the destructive effect of major export markets, and they ask China to give a certain transitional period to the new regulations on the import of genetically modified related products On June 6, China formally implemented the regulations on genetically modified organisms, which regulated the whole process of production and circulation of genetically modified organisms But China's GM rules have not come out yet Asian commodity traders speculate that it will take several months for China's GM rules to be introduced, and the damaging effect on US soybean exports will soon be reflected in the market "We hope that the implementation of the GM regulations will be delayed until the detailed rules are issued, so that we have enough time to prepare for the implementation of the detailed rules." That's according to Stephen censky, chief executive of the American Soybean Association in St Lewis It will take time for U.S exporters to apply for shipment of genetically modified soybeans, and it will take time to adhere to and implement the regulations implemented by Chinese officials to meet the relevant requirements, explained censky The U.S Department of Agriculture estimates that 68% of U.S soybeans are genetically modified China's new regulations require certification that genetically modified products are harmless to humans, animals or the environment, and imported food needs special labeling In the first half of this year, China imported about 6 million tons of us soybeans, three quarters of which were supplied by the US.