Some Highlights of Memorandums of Understanding

Some Highlights of Memorandums of Understanding

In today’s article we are going to discuss two pacts which have taken place recently in which one is between India and Iran and the other is between India and Australia. Memorandum of understanding is one of those important topics which are likely to come in the current affairs section in upcoming examinations. Let’s discuss further.

What is MoU:

The memorandum of understanding is like a pact of agreement between two or more parties on the topics of common interest. This agreement outlines the planning and development of actions between two or more parties. These memorandum of understanding takes place when two or more parties come together to plan any kind of work which includes those responsible countries.

MoU between India and Iran:

Union Minister of Ports, Shipping and Waterways and Ayush Mantralaya, Sarbananda Sonowal and Iranian Minister of Roads and Urban Development Rostam Ghasemi during his three day visit to India signed an agreement that ensures the aid to the seafarers of both countries and recognises the certificate of competency between both countries on unlimited voyages to help seafarers. 

This memorandum of understanding was signed during the bilateral meeting of Sarbananda Sonowal and his counterpart of Iran. The union minister also asserted the importance of the Chabahar Port as a trade multiplier of the region. He also stated that it acts as an economical trade conduit between Central Asia and South Asia. 

The both ministers also agreed that the more development of Chabahar Port will lead to the increasing trade and shipment volume and provide more benefits to the both countries.

Some facts:

During 2020, as a part of humanitarian assistance programme,India supplied 75,000 tons of wheat to Afghanistan via Chabahar Port. India also provided 40,000 liters of Malathion and 96 percent ULV pesticides to Iran via Chabahar Port. Many transactions occur every year via this port in Iran thus it becomes more important with the aspect of trading.

Pact between India and Australia:

India and Australia have also agreed upon a pact between both countries that provides assurance to boost ties in the education sector. According to this pact both countries will explore new ways to promote mobility of universities of the both countries.

Union Minister of education Dharmendra Pradhan on his visit to Australia said that the both countries have agreed to set up a working group on transnational education and knowledge to understand regulatory settings. 

Conclusion:

These memorandums of understanding between India and other countries provide new ways to improve the development and cooperation among them and give opportunities to India to become a great nation in the values of Economy.

Questions And Answers:

Q1. What kind of pact was signed between India and Iran?

Ans. Pact to ensure the aid to the seafarers.

Q2. What kind of pact was signed between India and Australia?

Ans. In the field of education.

Q3. What is the name of the Indian port in Iran?

Ans. Chabahar Port.

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