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However, an EU-wide moratorium on GM between 1998 and 2004 delayed the process substantially.
It blamed SARS and the war in Iraq for the reluctance to buy fancy products: "Everything that could have gone wrong did go wrong", the firm conceded.See article: Trouble in luxury goodsThe European Parliament passed laws requiring the labelling of genetically modified foods, which should bring an end to Europe's moratorium on GM products.
Despite a WTO ruling in February striking down Europe's moratorium on GM food, the European Commission pushed the EU's food-safety agency to make its GMO-evaluation process even stricter in April.Another controversy erupted last month when British officials admitted that more than a hundred genetically modified trees are being grown in secret locations around the country.
Australia lifted a nationwide moratorium on GM crops in 2009.
But on 17 October, an expert panel appointed by India's Supreme Court to advise it on a case recommended a 10-year moratorium on GM crop field trials.
And concerns are also being raised over the state's 12 year long moratorium on GM technology, which certain farmers believe has a detrimental effect on the industry.
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In May 2006, the World Trade Organization ruled that the European Union moratorium on genetically modified (GM) foods was illegal.
Hoover proposed a one-year moratorium on reparations and war-debt payments, but, even though the moratorium was adopted, it was too little too late.
Gorbachev asked them for a one-month moratorium on demonstrations.
[GM Has since announced that 41 dealerships will remain open. Check out our story on GM dealership reprieves.].
Moratorium on mortgages.
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