Egypt's FM probes Gaza truce, Iran-Israel tensions with intl. figures    Over 215,000 projects funded under Mashrouak, exceeding EGP 33bn in May: Minister    ADIB Egypt publishes second sustainability report for 2024    Gaza ceasefire hopes rise amid intensifying Israeli strikes, mounting death toll    Egypt, Norway hold informal talks ahead of global plastic treaty negotiations    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    UN conference cites Egypt's 'NWFE' programme as model for development finance    Al-Sisi calls for unified efforts to hold elections in Libya, urges withdrawal of foreign forces    EGP edges down in Sunday morning currency trading    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    Gaza under Israeli siege as death toll mounts, famine looms    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Philip Morris Misr announces new price list effective 1 July    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt's FM, China's Wang discuss Iran-Israel escalation    Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Australia likely to lift ban on uranium sales to India
Published in Bikya Masr on 01 - 12 - 2011

Australian Prime Minister Julia Gillard is looking to overturn the longstanding ban on uranium sales to India, originally imposed because of the country's failure to sign nuclear non-proliferation treaties.
South Australia's Mineral Resources Minister, Tom Koutsantonis said this was the right time to respond to India's growing need for power resources.
“India is a growing economic powerhouse, selling uranium to India will help open up new markets for South Australia,” said Koutsantonis.
“India is experiencing massive industrial expansion and nuclear energy will play a key role in providing an efficient and clean energy future in a carbon constrained world.”
Koutsantonis said South Australia could provide India with a safe and guaranteed supply of uranium because of its large reserves.
“The government supports our prime minister and this move will create thousands of jobs and secure the future prosperity of the state,” he said.
The only expected objection to lifting the ban is said to be from the Labor left.
Critics argue the Gillard's decision came after Australia received increasing pressure from the US.
US ambassador to Australia, Jeffrey Bleich, said “uranium has been an impediment” and a “thorny point” in relations between Canberra and New Delhi.
“Our view is the US sorted out its issues with India and we trust India and Australia will sort out their individual issues,” said Bleich.
Washington had settled the 2008 US-India nuclear deal that exempted India from the Nuclear Non-Proliferation Treaty (NPT).
The agreement lifted the remaining sanctions imposed on India following its 1998 nuclear tests and permitted American corporations to sell civilian nuclear technology and fuel to India.
The US subsequently pushed through a waiver by the Nuclear Suppliers Group, enabling other countries to engage in nuclear sales to India.
Deals with India are aimed at establishing a “strategic partnership” as part of US efforts to counter rising Chinese influence.
“The US was enthusiastically involved in trying to establish the four-way strategic dialogue: India-Japan-Australia and the US. I think to the extent that a three-way would allow us to advance all our interests, then we would certainly be interested,” said Bleich.
BM


Clic here to read the story from its source.