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COMPETITIVE ENTERPRISE INSTITUTE RELEASES INFOGRAPHIC SHOWING REGULATION COSTS OF GE CROPS
Source: Competitive Enterprise Institute news release

Today, the Competitive Enterprise Institute (CEI), a non-profit public policy organization dedicated to advancing the principles of limited government, free enterprise, and individual liberty, introduced a new infographic demonstrating the cost and burden of regulation associated with genetically-engineered crops.

CEI executive director and biotechnology expert Gregory Conko explains what genetic engineering means, and addresses the safety concerns with these crops in today's Washington Examiner.

Amidst unfounded criticism of the popular, modern-agricultural technique of genetically modifying plants in order to protect the environment and produce safer, healthier food, Conko shows genetically-engineered products are subject to intense scrutiny by three different U.S. regulatory agencies.

The regulatory costs alone for testing and obtaining approval for these products average more than $35 million.

The development and testing process takes an average of 5-10 years, and then government regulators spend an additional 2-4 years reviewing the safety of these products before they make it to grocery store shelves.

In turn, the science community and independent researchers fall victim to the abundance of regulations, and prevents them from giving us more wholesome and nutritional foods.


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