New Delhi, Feb 16: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of Memorandum of Understanding(MoU) between the Government of the Republic of India and the Government of the Republic of Chile for cooperation in the field of Agriculture and Allied sectors.
The MoU provides for cooperation in the field of agriculture and allied sectors. The main areas of cooperation envisaged are Agricultural policies for development of modern agriculture, Organic agriculture to facilitate the bilateral trade of organic products, as well as promote the exchange of policies aimed to develop organic production in both countries, Science and innovation to explore partnerships to promote innovation in the agricultural sector among Indian Institutes and Chilean institutes as well as collaborate to confront common challenges.
Under the MoU, a Chile-India Agricultural Working Group will be constituted which will be responsible for the supervision, review and assessment of the implementation of this MoU as well as for establishing frequent communication and coordination.
The meetings of the Agricultural Working Group will be held once a year alternatively in Chile and India. The MoU shall enter into force upon its signature and shall remain in force for a period of five years from the date of execution after which it shall be automatically renewed for a further period of 5 years.