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The People's Republic of China (PRC) continues to advance toward commercial cultivation of domestically developed genetically engineered (GE) corn and soybean crops.
Following more than two decades of flat or declining prices, the Japanese economy has experienced sustained price rises over the past year and a half due to global geopolitical factors as well as a significant weakening of the Japanese yen against the U.S. dollar.
The Philippines is expected to experience economic growth between 2025 and 2070, due to a shift in its demographics, necessitating a robust and efficient food distribution system.
In 2023, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products, while monitoring the development of synthetic biology.
Rice export prices increased 2-4 percent as the Thai baht strengthened and new crop rice harvesting was nearly completed.
Although Indonesian dairy production is still reeling from the 2022 Foot and Mouth Disease (FMD) outbreak, imports of dairy ingredients are expected to decline in 2023.
Australia has been a world powerhouse of high-quality wool production and exports for over 150 years. The industry now exports around 323,000 metric tons (MT) of wool valued at about US$2.3 billion - more than any other wool exporter.
On October 25, 2023, China notified the National Food Safety Standard for Food Additive L- Polydextrose to the World Trade Organization (WTO) under G/SPS/N/CHN/1290.
Korea has not finalized the May 2021 revisions of its Living Modified Organism (LMO) Act, which defines Korea’s regulatory policies for products developed through innovative technologies including genome editing.
On October 25, 2023, China notified the National Food Safety Standard for Silicone Rubber Materials and Products for Food Contact Use to the World Trade Organization (WTO) under G/SPS/N/CHN/1294.
On October 25, 2023, China notified the National Food Safety Standard for Food Additive L-Malic Acid to the World Trade Organization (WTO) under G/SPS/N/CHN/1289.
On October 25, 2023, China notified the National Food Safety Standard for Food Additive Chlorophyllin Copper Complex Sodium Salts to the World Trade Organization (WTO) under G/SPS/N/CHN/1289.