Bio4eu: Biotech Helps Spur Europe’s Economy
April 27, 2007| |
The key findings of The Biotechnology for Europe Study (Bio4EU), a major component of the mid-term review of the European Union's Strategy on Life Sciences and Biotechnology, identified that the production and use of modern biotechnology contributed to almost two percent of the European Union’s economy, and to 10-20% increase in labor productivity. The market for biotechnological products such as biopharmaceuticals has also experienced exponential growth in the past ten years. The report showed that the primary production and agro-food sector benefited from the wide variety of biotechnology applications supporting production efficiency, and reduction of resource consumption and of emissions per unit output or food safety. The study represents the first comprehensive compendium of information on the status of biotechnology applications in Europe and on its impacts and challenges.
Read the press release at http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/07/141
&format=HTML&aged=0&language=EN&guiLanguage=en.
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