India, Australia seal N-deal procedures

India announced on Sunday that the procedures for a civil nuclear agreement with Australia for supply of uranium from it had been completed following a bilateral meeting between Prime Minister Narendra Modi and his counterpart, Malcolm Turnbull, on the sidelines of the G-20 Summit here.

External Affairs Ministry spokesman Vikas Swarup tweeted that the two Prime Ministers had announced the completion of the procedures. No official statement from Australia was immediately available.

“PM Modi thanked PM Trunbull and described the nuclear agreement as a milestone and source of trust and confidence,” Mr. Swarup tweeted.

Last month, speaking to presspersons in Delhi, Australian Trade and Investment Minister Andrew Robb said the Australian Parliament was expected to ratify the nuclear cooperation agreement that the two countries had signed in September 2014.

Australia has about a third of world’s recoverable uranium resources and exports nearly 7,000 tonnes of it a year.

Following the conclusion of the agreement, India will be the first country to buy Australian uranium without being a signatory to the Nuclear Non-proliferation Treaty.

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Printable version | Feb 17, 2020 11:48:55 AM |

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