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India's Signs MoU/MoI with Dominican Republic, Ecuador and Netherlands
- 20 Jan 2024
- 1 min read
The Union Cabinet recently approved separate memorandum with the Netherlands, Dominican Republic and Ecuador on cooperation in the field of medical products regulation.
- The Memorandum of Intent (MoI) or Letter of Intent (LOI) with the Netherlands was signed on 7th November, 2023.
- The Memorandum of Understanding (MoU) with the Dominican Republic was signed on 4th October, 2023.
- Also, a separate MoU with Ecuador was signed on 7th November, 2023.
- The primary difference between the Letter of Intent and Memorandum of Understanding two is that a LOI is generally less specific, focusing on the main principles and preliminary intent to collaborate and MOU is usually more detailed, outlining the scope of the collaboration, responsibilities of each party, timelines, and potential outcomes.
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Read more: India's Pharmaceutical Industry, India and Netherlands Relations
