'poses no security issues'
es questions about the potential national security implications," he said. Earlier this month, US Agriculture Secretary Tom Vlasik said he too had reservations about the transaction and its impact on US competitors trying to get into the Chinese market. CFIUS is tasked with reviewing foreign acquisitions of US companies and consists of representatives from 16 agencies, including treasury, homeland security and defense. Grassley's comments are part of a growing trend among some US lawmakers to have CFIUS play an expanded role in reviewing potential transactions, particularly those coming from China.
The organization has never rejected a deal on the grounds of food security. Nevertheless, it will be subjected to an obligatory 75-day review because ChemChina is State-owned.
Although based in Switzerland, Syngenta is the biggest seller of pesticides in North America, from where it gets nearly a quarter of its revenue, and a major seller of seeds. Its US head- quarters is in North Carolina, and it has other facilities in several states, including California, Delaware, Iowa, Louisiana, Nebraska and Minnesota. Michael Wessel, a member of the USChina Economic and Security Review Commission, which was created to monitor China for Congress, has insisted there are food safety risks for the US to consider in the ChemChinaSyngenta deal, and agrees with Grassley in wanting the Agriculture Department to be involved in CFIUS's review.