Enactment of Brazilian biosafety law encourages Monsanto
March 31, 2005
PRNewswire reports that Brazil''s President Lula recently signed a biosafety bill into law, which establishes the regulatory process for the approval of biotech crops. This step is another indication of the growing acceptance of biotechnology around the world, according to Brett Begemann, Monsanto''s Executive Vice President, International. Monsanto has been working since 1997 for the right to legally commercialize Roundup Ready soybeans in Brazil. The CTNBio regulatory agency will continue to have the approval authority for research and commercialization of biotech crops under the new law just enacted. In 2004, growers in 18 countries planted 200 million acres of biotechnology crops, an increase of 20 percent over 2003.