Modelling Possible Impacts of GM Crops on Australian Trade

This information release was issued with the staff research paper, Modelling Possible Impacts of GM Crops on Australian Trade, on 8 November 2002.

The staff research paper, Modelling possible impacts of GM crops on Australian trade, uses the GTAP general equilibrium model of international trade to explicitly consider regulation costs associated with GM technology.

The modelling work shows that, under current market conditions, the introduction of GM technology into the non-wheat grains and oilseeds sectors will have minimum impact on Australia’s trade position. However Australia’s response to the adoption of GM technology could affect future market opportunities.