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Regulation to Improve Innovation in the New Economy: An Ag Biotech Industry Perspective

Key Questions. What is the role of government regulations?What are the current issues?What are the current problems?How do we effectively promote security, service,

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Regulation to Improve Innovation in the New Economy: An Ag Biotech Industry Perspective

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    1. Regulation to Improve Innovation in the New Economy: An Ag Biotech Industry Perspective Terry L. Medley, J.D. Vice President Global Regulatory Affairs DuPont Agriculture and Nutrition IPAC Conference on the Future of Government Regulation Toronto, Ontario, Canada September 25, 2002

    2. Key Questions What is the role of government regulations? What are the current issues? What are the current problems? How do we effectively promote security, service, & competitiveness?

    6. Role of Government Regulations Develop and implement regulatory oversight systems that:

    8. Current Problems Facing Agricultural Biotechnology Evolving science Human health concerns Environmental impacts International trade issues Food security

    12. Elements of an Adequate Regulatory Regime Notice Transparency and public participation Data collection, data evaluation & risk assessment Consumer Choice Risk Management Avoiding unnecessary delays Monitoring and enforcement Retrospective evaluation Institutional willingness to regulate fairly and effectively

    13. Elements of Strategic* Regulations Science-based Consistent Easily understood Transparent Effective/Responsive Flexible/Dynamic Meet both domestic & international needs

    14. Five critical criteria for judging adequacy of regulations that seek to effectively promote security, service, & competitiveness Comprehensive Commensurate Transparent Inclusive Predictable

    15. Model Regulations Should... Be Science and Risk-based Ensure Health and Environmental Safety Be Adaptive Be Multi-focused Not create barriers or disincentives

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