Millennium Post

MoUs to be inked with China during Modi visit

Ahead of Prime Minister Narendra Modi’s visit to China from Thursday, <g data-gr-id="17">government</g> on Wednesday cleared a number of <g data-gr-id="24">pacts</g> to be <g data-gr-id="25">inked</g> with that country, including expansion of cooperation in <g data-gr-id="18">tourism</g> sector.

The MoUs on mining and mineral sector, tourism and another agreement to renew an arrangement on traditional medicines were cleared in the meeting, chaired by Modi, hours before he leaves for his three-nation tour of China, Mongolia and Korea. Under the mining and minerals pact, an institutional mechanism between the two countries on cooperation in the field of mining and mineral sector will be set up which will help in exchange of information on resources, laws and policy, encouragement of transfer of technologies and promotion of value addition, a government release said.

The Union Cabinet also cleared a proposal to extend the tenure of <g data-gr-id="15">an MoU</g> signed with the China State Administration of Traditional Chinese Medicine (<g data-gr-id="13">SATCM</g>) on cooperation in traditional medicine. The MoU had expired on January 13, 2013 on completion of its validity period of 5 years.

It will enhance bilateral cooperation between the two countries in the field of “traditional medicine which will immensely benefit both the countries as they are blessed with well-developed scientific systems of traditional medicine”, the release said.


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