16 July 2021 Current Affairs:A Memorandum of Understanding was signed between the Agricultural and Processed Food Products Export Development Authority (APEDA) and the National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED).

♦ Goal of the Memorandum of Understanding: Take advantage of the export potential of agricultural products and processed foods of cooperatives and farmer producer organizations (FPOs) 
♦ Key areas of cooperation include facilitating APEDA registered exporters to receive assistance under all programes implemented through NAFED
♦ The MoU aims to ensure the long-term viability and growth of cooperative exports by addressing issues such as technology, skill, high-quality products, and market access.
♦ It will also make it easier for Farmers’ Cooperatives to participate in global trade.

About APEDA:
♦ It is the apex body within the Union Ministry of Commerce and Industry in charge of agricultural export promotion.
♦ It was created by the APEDA Act of 1985.

About NAFED:
♦ It is the apex organisation of agricultural marketing cooperatives in India.
♦ It was established on October 2, 1958.
♦ It is governed by the Multi-State Co-operative Societies Act of 2002.
♦ NAFED is now one of India’s largest procurement and marketing agencies for agricultural products

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