India, Brazil inked agreements to bolster the bilateral ties
With a view to strengthen bilateral relationship, India and Brazil signed three Memorandums of Understanding (MoU) during the 6th BRICS Summit in Fortaleza, Brazil. The agreement was inked by Prime Minister of India Narendra Modi and Brazilian President Dilma Rousseff.
The three MoUs are:
- MoU on Environment
Both nations agreed to extend cooperation on Climate change; Biodiversity; Afforestation in arid areas; Water conservation; Protection of wetlands and Waste management. Waste management includes Management of agricultural waste and electronic waste; Management of waste water management; Use of bio-fuels; Air and water quality management; Environmental information systems.
The cooperation in this field will be in the form of exchange of information and documentation and collaborative projects. Towards this, the two countries agreed to set up an Indo-Brazil Joint Working Group on Environment which will see that the contents of the agreement are implemented.
- MoU on Space
Both nations agreed on implementing arrangement establishing cooperation in augmentation of a Brazilian earth station for receiving and processing data from Indian Remote Sensing (IRS) satellites.
Both sides also agreed to take measures to further expand and diversify trade and investment flows and strengthen cooperation in agriculture and dairy science, conventional and renewable energy, space research and application, defence, cyber security and environment conservation. They also agreed to step up their cooperation in international forums and multilateral institutions, including the G 20.