Searca-BIC: Cost of regulatory delays for GM crops increasing

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THE first in a series of policy briefs released by the SEARCA Biotechnology Information Center (SEARCA BIC) is based on a study  co-authored by Dr. Jose Benjamin Falck Zepeda, a Research Fellow at the International Food Policyvand Research Institute (IFPRI) and Policy Team Leader at the Program
for Biosafety Systems (PBS).

The study sought to analyse the economic impact of regulatory delays for GM crops. By modeling several regulatory delay scenarios, results reveal that longer regulatory delays are associated with higher investment risk which could possibly discourage investments in the development of a GM crop.

Findings of the analysis also emphasise the need for regulators, decision-makers, and developers to reduce time delays and increase the efficiency of
coordinating decision points along the product development cycle — for R&D, regulatory review, and compliance to optimise costs and time in delivering a product.

The 2018 Policy Brief series is produced in partnership with the International Service for the Acquisition of Agri-biotech Applications (ISAAA), Coalition for Agriculture Modernisation in the Philippines (CAMP), Department of Agriculture-Biotechnology Program Office (DA-BPO), Programme for Biosafety Systems (PBS), and DA-Bureau of Agricultural Research (DA-BAR).