U.S. companies consider taking action in China on GM
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Last Update: 2002-02-08
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Source: Internet
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Author: User
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Lead: Chicago, Feb 6 (Reuters) - two major U.S biotech companies are ready to take action against China if it implements controversial genetically modified regulations, a U.S lawyer said on Wednesday China plans to implement the rules on March 20, which is crucial for the US $1 billion annual soybean sales to China William Di Salvatore, a partner of Hale & Dorr, a New York law firm, said China's rules would deprive the companies of the opportunity to do business in China, the world's most populous country, but he did not name the two companies "If these regulations come into effect on March 20, then my client will take some action," he told Reuters Because these Regulations are barriers to trade " One company is in the United States and the other is in Europe, he said It is estimated that it is Aventis in Monsanto and Europe He didn't say what action to take In addition to court action, there may be other actions, but he has no right to disclose them William desavado, the chief lawyer in some intellectual property disputes over U.S transgenes, spoke at a time when U.S and Chinese officials held talks in Beijing to try to clarify the rules.
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