INTERNATIONAL SERVICE FOR THE ACQUISITION OF AGRI-BIOTECH APPLICATIONS

Current trends and future projections indicate that Genetically Modified Organisms (GMOs) or biotech crops are increasingly becoming dominant in the global economy and world trade. In 2007, the global market value of GM crops was US$6.9 billion representing 16 % of the US$42.2 billion global crop protection market in 2007, and 20% of the ~US$34 billion global commercial seed market. Substantial net economic benefit