Abstract

“Risk management” is the process of weighing policy alternatives in consultation with all interested parties, considering risk assessment and other factors relevant for the protection of consumers' health and for the promotion of fair trade practices as well as, if necessary, selecting appropriate prevention and control options. It is the decision-making stage of the risk assessment process and can be defined as the process of deciding what actions to take in response to an identified risk. Risk assessment is based on a set of basic principles and follows a well-defined structure. The risk assessment component involves hazard identification, hazard characterization, exposure assessment, and risk characterization. This chapter describes the basis of risk assessment, the typical structure of the risk assessment process, and how it is practically applied at different points during the development and release of GM (genetic modification) crops.

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