MOU between India and Peru for Medicinal Plants

  • Cabinet approves Signing of Agreement between India and Peru on Cooperation in the field of Medicinal Plants
  • Major impact: Considering the fact that both countries having rich medicinal plants biodiversity and medicinal plants based indigenous traditional system of medicines and recognizing the existing friendly and cooperative relations, the proposed Agreement will further enhance bilateral cooperation between the two countries in the area of Medicinal Plants.

Background: India is one of the richest countries in the world in terms of biodiversity and more than 7000 species of plants are estimated to have medicinal usage in folk and documented systems of traditional medicines like Ayurveda, Unani, Siddha & Homoeopathy (AYUSH System of Medicine).

The Republic of Peru is one of the Latin American Countries which are the biodiversity hotspots in the world and like India, Peru is also having rich biodiversity of medicinal plants and the medicinal plants based traditional medicine practices are prominently practiced by indigenous people.