Although genetically-modified (GM) food makes up a significant portion of Egypt's imports, the country has announced that they would no longer be importing or exporting genetically-modified products.
While this decision certainly pleases food purists who oppose genetically-modified food, Egypt's ban on these products is leaving many puzzled. A European trader told Reuters, "A non-GMO policy would not cause difficulties for sunflower oil but it would for soyoil. It would mean that soyoil imports would only be possible from Brazil and not from the U.S. or Argentina."
Only time will tell how Egypt's ban on genetically modified food will affect its economy.
Country-Wide Food Bans
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