Cabinet Has Approved Signing Of MoU Between India And Chile For Agricultural And Allied Sector Cooperation

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Government of the Republic of India and the Government of the Republic of Chile for 'agricultural and allied sector cooperation'.

The agreement calls for cooperation in agriculture and related fields. The main areas of cooperation envisaged are agricultural policies for modern agriculture development, organic agriculture to facilitate bilateral trade of organic products and promote the exchange of policies aimed at developing organic production in both countries, science and innovation to explore partnerships to promote innovation in the agricultural sector among Indian and Chilean institutes, as well as collaborate to confront common challenges.

The MoU will establish a Chile-India Agricultural Working Group, which will be in charge of overseeing, reviewing, and assessing the implementation of the MoU, as well as establishing frequent communication and coordination.

The Agricultural Working Group will meet once a year, alternately in Chile and India. The MoU enters into force upon signature and remains in force for five years from the date of execution, after which it is automatically renewed for another five years.

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