Trade in genetically modified crops suppose the residents, Ask an Expert

Economics

Trade in Genetically Modified Crops. Suppose the residents of a country become fearful of using genetically modified crops in their food supply. Consider the following two possible scenarios:

a. 1) Aware of consumer sentiment, the largest supermarket chains in the country vow they will not purchase food products that use genetically modified crops.

and

b. 2) The government, aware of voter sentiment during an election year, bans the import of the food products that use genetically modified crops.

In both cases, no genetically modified crops enter the country. Does either of these cases run afoul of WTO policies?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9747354

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