"The Union Cabinet chaired by Prime Minister Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between India and Colombia in the field of agriculture and fisheries," an official statement said.
Under the MoU, a joint-working group (JWG) will be constituted to prepare/finalise the work plan for the next two years.
The MoU will be initially valid for five years and would be automatically extended for a subsequent period of five years unless either party expresses its desire to terminate it.
The two countries would also co-operate to develop projects in association with agricultural companies for production of seeds, among others.
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