Question
The Solvent Extractor’s Association of India (SEA) and
Association of Vegetable Oil Industries (ABIOVE) have signed a memorandum of understanding (MoU) for soyabean oil imports.Where does ABIOVE belong to ?Solution
The Solvent Extractor’s Association of India (SEA) and Brazilian Association of Vegetable Oil Industries (ABIOVE) have signed a memorandum of understanding (MoU) for soyabean oil imports. The objective of the MoU is to create a common platform to facilitate the joint interaction of both institutions under the governmental spheres of both countries and promoting public-private partnerships of mutual interest towards economic integration between the two countries in the oilseeds sectors, through the reduction of bilateral and multilateral trade barriers on oilseeds, oilseed products and edible oils.
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