Monsanto Co. said Thursday that it received regulatory approval to import its Roundup Ready 2 Yield soybeans in the European Union.

The approval follows the European Food Safety Authority's positive scientific opinion in July finding Roundup Ready 2 Yield is safe for import as food and feed.

The European Union imports accounted for about 10 percent of U.S. soybean exports in 2007, making it a significant purchaser of U.S. soybeans.

Roundup Ready 2 Yield soybeans boost soybean yield potential and provide protection against weeds.

Creve Coeur, Mo.-based Monsanto Co. (NYSE: MON) develops insect- and herbicide-resistant crops and other agricultural products.