Monsanto has sued two Danish importers to pay patent royalties for RoundupReady soybeans imported from Argentina. In Argentina, where 95 % of soybeans are GM, the beans are being grown without paying licence fees to the company. So far the Argentinian government refused to agree on a royalty deal with the company. Now the company tries to put pressure on the country, whose economy strongly depends on soybean exports (7,6 billion $ in 2004). Monsanto CEO Hugh Grant said: "We need to demonstrate that we do have the right to protect our intellectual property at the point of import" and threatened to take more legal actions in Europe. Argentinas Ag minister Miguel Campos called Monsanto "a national embarrassment".</p><p><a href="archiv/www.fortwayne.com/mld/newssentinel/12036471.htm">Associated Press: Argentina to fight Monsanto in court, suspend soybean talks</a></p><p><a href="http://today.reuters.com/news/newsArticleSearch.aspx?storyID=239071 28-Jun-2005 RTRS&srch=Monsanto">Reuters: Monsanto sues in soy royalty spat with Argentina</a></p><p><a href="http://today.reuters.com/news/newsArticleSearch.aspx?storyID=244333+29-Jun-2005+RTRS&srch=Monsanto">Reuters: Argentina soy exports seen slow after Monsanto suit</a>