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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jim S who wrote (9563)	4/3/2000 12:37:00 AM
From: Rolla Coasta	Read Replies (1) \| Respond to of 9980

The biotech company, who hold patents on producing great food in high productivity without any defect, will have its stock skyrocketed like Qualcomm who solely owns its rights in CDMA protocal licensing. But, unlike CDMA in telecom industry which most likely scores big in China, the GM food could be harmful to the public. I doubt someone would blow the whistle without taking any profit. Let's see how the promoters promote their GM food in China.

To: Jim S who wrote (9563)	4/3/2000 1:24:00 AM
From: Rolla Coasta	Respond to of 9980

more related article... Firm sets up first GM food-testing service ALEX LO Hong Kong's first commercial service to certify food products are free of genetically modified ingredients has been set up. The move came as the Food and Environmental Hygiene Department gave the strongest indication yet that mandatory labelling could be put in place soon. Dr Alfred Cheung Wai-kin of Intertek Testing Services said food manufacturers and shops would need the service because they would have to certify products once a labelling system was enforced. "Without mandatory labelling, it would only be a fringe business," said Dr Cheung, who heads the company's food and pharmaceutical division. "But with a regulatory system in place, there would be a significant need for companies to meet both regulatory requirements and establish credibility with customers who demand the right to know." The new service is jointly run with US-based Genetic ID, a leading certification company which has an extensive database on most commercially or experimentally modified organisms. Certification involves tracking and documenting entire product lines in the production chain from farms to retail shelves, sample testing and inspection. Depending on product types, a certification programme is expected to cost about $150,000 a year. An end product test would cost just over $2,000. Last week, Deputy Director of Food and Environmental Hygiene Leung Pak-yin said the Government would finalise its policy on mandatory labelling by the end of the year. Dr Cheung said his company had budgeted $2.95 million for marketing and setting up equipment. When the mainland's genetic food production got going, more Hong Kong food companies with dealings across the border would need the service. The Productivity Council has said it will set up a similar certification consulting service before the end of the year.