Australia to sign uranium trade deal with India

Print
Email
|

Associated Press

Posted on September 5, 2014 at 4:00 AM

Updated Friday, Sep 5 at 4:31 AM

NEW DELHI (AP) — Australian Prime Minister Tony Abbott has met with his Indian counterpart on a two-day state visit during which they are expected to sign a deal to allow the export of uranium to New Delhi for use in power generation.

The agreement is expected to be signed Friday evening.

Australia, which has almost a third of the world's known uranium reserves, imposes strict conditions on uranium exports and India's failure to sign the Nuclear Non-proliferation Treaty had long been a barrier to a deal.

Both countries have been negotiating a so-called nuclear safeguards agreement with verification mechanisms since 2012 when a former Australian government agreed on civil nuclear energy cooperation with India that would eventually allow the export of Australian uranium.

Print
Email
|