Abstract
A planned $43 billion takeover of the agrochemical firm Syngenta by ChemChina, one of China’s biggest chemical companies, could have negative effects on U.S. national security and food safety, U.S. senators say. Sens. Chuck Grassley (R-Iowa), Debbie Stabenow (D-Mich.), Joni Ernst (R-Iowa), and Sherrod Brown (D-Ohio) are urging the Treasury Department to seek input from the Food & Drug Administration and the Department of Agriculture as part of a review of the pending deal by the interagency Committee on Foreign Investment in the U.S. (CFIUS). This review process, which the Treasury Department leads, is voluntary, but both companies have opted to proceed with it. FDA and USDA—the two agencies with jurisdiction over food safety in the U.S.—are not typically involved in such reviews. “The food and agriculture sectors are part of the nation’s critical infrastructure, and this merger raises questions about national security because of the need to ensure a
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