Brazil Gets Its Transgenic Law
Written by Irene Lôbo
Friday, 14 January 2005
Brazilian President Luiz Inácio Lula da Silva, on January 12, sanctioned the Provisional Measure that determines norms for the cultivation and sale of genetically modified soybeans.
The law, which was published yesterday, January 13, in the Federal Register (Diário Oficial), requires producers to sign a declaration of commitment, responsibility, and adjustment of behavior by January 31, 2005.
In accordance with the law, producers who fail to sign the declaration will be prevented from obtaining loans and other forms of financial assistance from institutions that belong to the National System of Rural Credit, as well as being denied access to eventual fiscal benefits.
The law also requires companies that produce seeds to present receipts in order to be able to charge royalties (patent use rights) from producers for the development of technology.