Macquarie University Reports Findings in Risk Management (Are WTO Decisionmakers Regulating Technological Risks or Are Technological Risks Steering WTO Biotechnology Legal Decisions?)

2021 FEB 26 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Risk Management is the subject of a report. According to news reporting originating in Sydney, Australia, by NewsRx editors, the research stated, “This article explores how technological risks and uncertainty carried by the international trade of biotechnology are regulated under the World Trade Organization (WTO) and have been governed by the WTO’s judicial bodies. The article shows that the judicial evaluation of biotechnology risks is mostly justified in scientific terms and is still anchored to a quantitative approach.”

The news reporters obtained a quote from the research from Macquarie University, “This, in turn, prevents WTO decisionmakers from performing a broader analysis of the societal purposes and impacts of technological innovations and, accordingly, their potential contributions to or disadvantages for the public interest. Given that, the present article investigates whether reliability can be claimed for WTO biotechnology decisions.”

According to the news reporters, the research concluded: “In approaching this task, it elucidates the complex interplay between law, risks and science, and offers suggestions to enhance the reliability of biotechnology legal decisions and address the uncertainty surrounding the international trade of biotechnology.”

This research has been peer-reviewed.

For more information on this research see: Are WTO Decisionmakers Regulating Technological Risks or Are Technological Risks Steering WTO Biotechnology Legal Decisions? Risk Analysis, 2021. Risk Analysis can be contacted at: Wiley (Blackwell Publishing), 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Risk Analysis - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1539-6924)

Our news correspondents report that additional information may be obtained by contacting Alessandra Guida, Macquarie Law School, Macquarie University, Sydney, Australia.

The publisher of the journal Risk Analysis can be contacted at: Wiley (Blackwell Publishing), 111 River St, Hoboken 07030-5774, NJ, USA.

(Our reports deliver fact-based news of research and discoveries from around the world.)