Regional Aviation Partnership: Cabinet approves signing of MoU amongst BRICS Nations
The Union Cabinet has approved the signing of Memorandum of Understanding (MoU) amongst BRICS Nations (viz. Brazil, Russia, India, China and South Africa) on Regional Aviation Partnership Cooperation. The objective of MoU is to benefit BRICS countries from establishing of institutional framework to cooperate in field of civil aviation.
The MoU signifies important landmark in civil aviation relations between India and other BRICS member states. It has potential to spur greater trade, investment, tourism and cultural exchanges amongst BRICS Nations. The areas of cooperation under MoU are public policies and best practices in regional services; airport infrastructure management and air navigation services; regional airports; technical cooperation between regulatory agencies; innovation; environment sustainability; deliberation of global initiatives; Qualification and Training and other fields as mutually determined.
Month: Current Affairs - July, 2018