China has approved imports of a genetically modified corn strain manufactured by Syngenta AG that it blocked in 2013, in a sign of improving relations with the U.S. Syngenta currently faces lawsuits from farmers in 11 states alleging that its sale of Agrisure Viptera caused the U.S. corn market to collapse.
Free Syngenta GMO Corn Seed Lawsuit Evaluation: If you are a corn farmer, grain elevator operator or corn exporter that has been harmed by Syngenta, you should contact our law firm immediately. You may be entitled to compensation by filing a suit against Syngenta and we can help.
What’s the Problem?
Dec. 18, 2014 – Chinese Vice Premier Wang Yang said imports of Viptera corn, known as MIR 162, had been officially approved in the country, U.S. Agriculture Secretary Tom Vilsack told reporters.
Industry sources said China’s approval of the genetically-modified sweet corn was due to a warmer political climate between the 2 countries since the Asia-Pacific Economic Cooperation (APEC) forum last month, where the U.S. and China announced a joint plan to limit carbon emissions and made progress on eliminating duties on technology products.
“We believe the approval came because of a better China-U.S. relationship, which has improved since the APEC meeting,” said Li Qiang, chief analyst at Shanghai JC Intelligence Co. Ltd., one of China’s leading consultancies.
The practical consequences of China’s approval of Viptera corn is likely to be limited by a stock overhang that has created a bottleneck for new imports. Sources indicate that Beijing could delay issuance of 2015 import quotas to private feed mills until March or April 2015, as new regulations require buyers to purchase corn from state reserves before receiving quotas.
Syngenta’s MIR 162 corn seed, which the company originally applied for import approval in 2010, made headlines last year after Beijing rejected some 1.2 million tons of the unapproved strain. Commodity traders Cargill Inc. and Archer Daniels Midland Co., along with dozens of farmers, have filed lawsuits against Syngenta over Viptera corn, claiming hundreds of millions of dollars in damages because of the disruption caused by the ban.
Do I Have a Syngenta GMO Corn Seed Lawsuit?
The Product Liability Litigation Group at our law firm is an experienced team of trial lawyers that focus on the representation of plaintiffs in Syngenta GMO Corn Seed Lawsuits. We are handling individual litigation nationwide and currently accepting new cases in all 50 states.
Free Syngenta GMO Corn Seed Lawsuit Evaluation: Again, if you are a corn farmer, grain elevator, distributor or exporter who has sustained economic losses related to corn farming, distribution, domestic sales or export, you should contact our law firm immediately. You may be entitled to compensation by filing a suit and we can help.