India-Fiji: Union Cabinet Approves pact for Co-operation in Agriculture

The Union Cabinet Chaired by Prime Minister, Narendra Modi, has approved an agreement between India and Fiji for their cooperation in the field of agriculture and allied sectors.

Highlights

The agriculture pact was signed between Ministry of Agriculture of India and Agriculture Ministry of the Republic of Fiji.  This agreement between the countries will come into force from the date of its signing. It will continue for five years.

About Memorandum of Understanding

The Memorandum of Understanding that was signed in the field of agriculture will help the private sectors of both the countries, India and Fiji, to cooperate in areas which includes the promotion of joint ventures. It will also provide the Exchange of scientific experts, technical trainees, research personnel & specialists; Technology transfer; Development of infrastructure for agriculture; Development of human resources with the help of training officers & farmers through the means of workshops and seminars.

Joint Working Group

Both the countries will also constitute a Joint Working Group in accordance with the MoU. The joint working group will be setting out the plan, procedures and will also be recommending the programmes of cooperation in order to achieve their objective with the help of executing agencies. The group will held the meeting once in every second year.

Significance of the MoU

With the signing of the agreement, the countries will be involved in the promotion of investment and marketing of the agricultural commodities. The agriculture ministries of both the nations have agreed to promote the capacity building in all the areas of agriculture besides establishing a direct trade of agriculture products. The countries would also do the joint planning & development of research proposals and execution of research & programmes projects.

Month: Current Affairs - March, 2021