How long does it take for a GM crop or import to be approved, and how much does this cost?
Companies must submit applications for each new GM crop for cultivation or import. It takes on average almost 4 years for a GM import approval to be completed in Europe, which is roughly twice as long as in other comparable jurisdictions. The EU tends to have even longer waiting periods for GM cultivation applications, partly due to political differences among the member states. Costs for applicant companies arise mainly from the large number of studies required and vary from € 7 million to €15 million per crop.