Cabinet approves signing of MoU between India and Chile for cooperation in agriculture and allied sectors

Tags: National National News

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the signing of Memorandum of Understanding (MoU) between the Government of India and the Government of Chile on 15 February for cooperation in agriculture and allied sectors.

An overview of the news

• This MoU provides for cooperation in agriculture and allied sectors.

• Under the MoU, a Chile-India Agricultural Working Group will be set up.

• This group will be responsible for supervision, review and evaluation of the implementation of the MoU as well as for establishing frequent communication and coordination.

• The meetings of the Agriculture Working Group will be held once a year, alternately in Chile and India.

• The MoU shall come into force upon its signature and shall remain in force for a period of five years from the date of execution.

• Thereafter it will be automatically renewed for a period of 5 years.

The main areas of cooperation

• Agricultural Policies for the Development of Modern Agriculture

• Organic agriculture to facilitate bilateral trade of organic products

• To promote exchange of policies aimed at developing organic production

• Promotion of innovation in agriculture sector between Indian institutions and Chilean institutions

• Cooperation in Science and Innovation to Address Common Challenges