Venezuela: Agricultural Biotechnology Annual

  |   Attaché Report (GAIN)   |   VE2023-0020
Despite the private sector's support for biotechnology, Venezuela maintains a ban on the domestic use and research of modern biotechnology-derived agriculture. Venezuela’s basis for the ban is through the Seed Law of December 2015, which also prohibits the importation of genetically engineered (GE) seeds. However, Venezuela still allows the importation of biotechnology-derived crops, with the United States being the leading exporter, including corn, soybeans, soybean meal, and soybean oil. In 2022, the United States supplied an estimated 979,000 metric tons (MT) of GE-crops to Venezuela, accounting for a 60 percent market share, followed by Brazil and Argentina.

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