Moneycontrol
Nov 10, 2017 09:39 PM IST | Source: PTI

Cabinet approves agri pact between India, Philippines

The MoU will improve bilateral cooperation in the field of agriculture and will mutually benefit both countries, an official statement said.

The Cabinet gave its nod for signing the memorandum of understanding (MoU) between India and the Philippines in the farm sector.

The MoU will improve bilateral cooperation in the field of agriculture and will mutually benefit both countries, an official statement said.

The agreement provides for cooperation in rice production and processing, multi-cropping system, dry-land farming systems, bio-organic farming, solid and water conservation and management, soil fertility, sericulture, agroforestry, livestock improvement, among others.

A joint working group will be set up to implement the identified area of work in both the countries. The group will meet once every two years alternatively in the Philippines and India, the statement said.

The bilateral cooperation will promote understanding of best agricultural practices in the two countries and help in achieving higher crop productivity as well as improved global market access, it added.

tags #Economy

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