Why precautionary principle can damage wealth and health
THE World Trade Organization dispute between the EU and the US, Canada and Argentina over the EU's longstanding moratorium on genetically modified (GM) crops ñ due to be decided this week ñ is not about winners and losers. It is about the so-called precautionary principle, which has theoretically allowed the EU to close its borders to a large portion of the world's agricultural produce. The result of this case could have ramifications throughout the world, particularly for other innovative industry sectors. My article titled Why precautionary principle can damage wealth and health was published in European Voice on June 10 2004 THE World Trade Organization dispute between the EU and the US, Canada and Argentina over the EU's longstanding moratorium on genetically modified (GM) crops - due to be decided this week - is not about winners and losers. It is about the so-called precautionary principle, which has theoretically allowed the EU to close its borders to a large portio...