Finance Fusion Network
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Finance Fusion Network
No Result
View All Result

Mexican president confident Congress will ban planting GM corn in 2025

by
December 21, 2024
in Investing
0
Mexican president confident Congress will ban planting GM corn in 2025

MEXICO CITY (Reuters) – Mexican President Claudia Sheinbaum expects Congress to approve a ban early next year on planting genetically modified corn in the country, she said on Saturday.

Sheinbaum’s announcement comes a day after a trade-dispute panel ruled Mexico’s restrictions on U.S. exports of GM corn violate the USMCA trade agreement.

“With the help of Mexico’s Congress, we are going to reverse this resolution because very soon, in February, they are going to legislate, I am sure, that you can’t plant genetically modified corn,”  Sheinbaum said at a public event. Mexico’s Congress is dominated by the ruling party.

“We must protect Mexico’s biodiversity in our country … without corn there is no country.”

Such a ban may increase Mexican supplies of non-GM corn but not prevent imports of GM varieties, however.

A GM crop contains genetic material that is not naturally found in the plant, for example to better protect against disease. Farmers have widely adopted such crops in some countries such as the United States, but critics say their safety for human health and the environment is unproven.

The impasse escalated when the U.S. government called on a dispute resolution panel to overturn Mexico’s February 2023 presidential decree that banned the use of GM corn to make tortillas and dough.

The decree also advocated for replacements in industrial production for human consumption and animal feed.

Mexico’s economy and agriculture ministries said in a joint statement that they disagreed with the ruling, but would respect the decision. The agencies later said the panel’s report referred exclusively to trade between Mexico and the United States.

Mexico, the birthplace of modern corn, bans GM corn for fear it could contaminate native varieties of the grain. Yet the country is the largest foreign buyer of U.S.-grown yellow corn, almost all of which is genetically modified.

The Mexican government expects local buyers to import a record 22.3 million metric tons during the 2023/24 crop season.

(Report by Diego Oré; Writing by Alexander Villegas; Editing by Rod Nickel)

This post appeared first on investing.com
Previous Post

Trump nominates TV producer, creator of ‘The Apprentice,’ to serve in new administration

Next Post

Volkswagen to cut more than 35,000 jobs in Germany by 2030

Next Post
Volkswagen to cut more than 35,000 jobs in Germany by 2030

Volkswagen to cut more than 35,000 jobs in Germany by 2030

  • Trending
  • Comments
  • Latest
Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

Elon Musk connects with indie Andrew Yang on billionaire former Trump ally’s third party push

July 8, 2025
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

January 27, 2025
DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

DAVID MARCUS: Public broadcasting’s purpose has passed. It’s time to pull the plug

February 7, 2025
Over 158 million Americans voted in 2024 as Trump reclaimed the White House

Over 158 million Americans voted in 2024 as Trump reclaimed the White House

July 7, 2025
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

0
Harris campaign officials explain what went wrong –  and what Trump did right: report

Harris campaign officials explain what went wrong – and what Trump did right: report

0
New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

New Republican Governors Association chair says ‘focus’ is on helping Trump get ‘off to a strong start’

0
NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

NVIDIA Corporation (NASDAQ:NVDA) shares fell roughly 3%

0
Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

March 13, 2026
Analysis-To weather Trump, emerging market investors look to the frontier

Analysis-To weather Trump, emerging market investors look to the frontier

March 13, 2026
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

March 13, 2026
Fuji Media, rocked by sexual misconduct allegations, says executives to resign

Fuji Media, rocked by sexual misconduct allegations, says executives to resign

March 13, 2026

    Fill Out & Get More Relevant News

    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026
    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    March 13, 2026
    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    Fuji Media, rocked by sexual misconduct allegations, says executives to resign

    March 13, 2026

    Top News

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP

    March 13, 2026
    Analysis-To weather Trump, emerging market investors look to the frontier

    Analysis-To weather Trump, emerging market investors look to the frontier

    March 13, 2026

    Latest News

    • Trump’s Colombia tariffs on hold after Bogota agrees to accept migrants- AP
    • Analysis-To weather Trump, emerging market investors look to the frontier
    • China central bank conducts 1.7 trln yuan of outright reverse repos in Jan

    About Finance Fusion Network

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Financefusionnetwork.com. All Rights Reserved.