Abstract
Food engineering and biotechnological food products using DNA technologies and genetic modification are both a boon and a bane in developing and developed countries. The use of DNA technologies in biotechnological food development are not without controversies due to inherent environment risks and risks associated with genetic technologies. Its impact on the environment and human health remains controversial despite assurances form the scientific community that such DNA/genetic technologies are safe. Detractors have their argue otherwise utilizing similar scientific and social data and supports. This paper seeks to explore, analyse and assess the current legal treatment vis-avis genetic and biotechnological food developments in the local market place from an economical and legal impact assessment and evaluation. The findings in this paper seeks to achieve an accommodative balance between modern genetic and biotechnological thrusts in the light of overriding economic and environmental imperatives in the K-knowledge economy of the 21st century.
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