Definitely, the regulations and laws should make it so that the companies and countries have less control and power over the nation's food supply. There needs to be a global agreement on how GMO patents and rights is to be settled, people shouldn't starve just because Monsanto want to earn a little more cents or because US wants to sanction a country.
Chances of a global agreement is pretty low. Too much money and power is involved to simply give up if GMO becomes mainstream due to external factors. The US (or anyone else) doesn’t even need to sanction them to use it. You vote against us in the UN or won’t agree to Free Trade? The seed shipments are delayed due to inspection concerns.