China Approves New GMO Soybeans in Positive Sign Amid U.S. Talks
Insect-resistant soy variety by Dow AgroSciences wins consent
China is dropping some non-tariff barriers, analyst says
China approved a new strain of genetically modified soybeans developed by a U.S. company, a move that could bolster looming trade talks.
The variety approved for import is an insect-resistant soybean from Dow AgroSciences LLC, according to a list published by China’s agriculture ministry on Monday. The nation also approved a new type of GMO papaya and renewed permits for 10 crop varieties, including corn and canola.