The pact was signed on standardisation and conformity assessment of goods.
"The MoU aims to facilitate closer cooperation and provide a mechanism by which India and Mali can work together towards the common aim of strengthening standardisation and conformity assessment activities in order to facilitate sharing of expertise and mutual trade," an official statement said.
The decision was taken at a meeting chaired by Prime Minister Narendra Modi here.
Mali is a landlocked country in West Africa.
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