March 29, 2013 | Filed under: Fiji News | Posted by: newsroom
Source: Ministry of Information
Cabinet has approved a memorandum of understanding (MOU) between the Republic of Indonesia and Republic of Fiji for co-operation in the field of Small and medium enterprises (SMEs).
The MOU covers a relatively new area dealing with the protection of Genetic Resources, Traditional Knowledge and Folklore (GRTFK), and the rights of the GRTFK holders of both parties.
The Attorney – General, Aiyaz Sayed-Khaiyum said that this MOU will encourage employment generation and rural development.
A Joint Coordinating Committee comprising members responsible for SME from both countries shall be formed to coordinate the implementation of the MOU.
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