|April 28, 2004,
as reported by just-food.com: The U.S. government
has again gone to the World Trade Organization over the
European Union ban on genetically modified crops-- this
time looking for compensation. In the government’s
estimation the EU’s ban has cost the U.S. ag industry
$1.8bn in loss of exports and they want it back.
To recoup the funds the United States has filed a compensation
claim with the WTO essentially suing the EU for damages
caused by the GM moratorium. The compensation claim
hinges on an earlier claim filed with the WTO that charged
the EU with breaking trade rules by imposing banning
the GM products without scientific evidence, the Guardian
The US has claimed the EU’s biotech policy has
led to the US losing $300m per year in lost maize exports.The
ban has been in place since 1998.