Posts tagged Uranium Exports

Australian ruling party okays uranium export to India

0 Comments read Business and Trade, Nuclear Disarmament

By Neena Bhandari

Sydney, 5.12.2011 (Business Standard): The ruling Australian Labor Party’s national conference on Sunday voted by a very narrow margin to overturn its long-standing policy banning uranium sales to India.

Till now, party policy dictated that uranium could only be sold to countries signatory to the Nuclear Non-proliferation Treaty (NPT), which has not. Prime Minister Julia Gillard urged delegates to support the motion, emphasising it would boost trade and enhance the bilateral relationship.

The PM’s motion was finally endorsed by a 206-185 split, revealing deep dissensions even among ministers in the Gillard government. So much so that when the chair ruled the motion passed, a recount was called, as many couldn’t believe the outcome.

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Australian PM’s move on Uranium welcomed

0 Comments read Business and Trade

By Neena Bhandari

Sydney, 17.11.2011 (Business Standard): The Australia India Business Council (AIBC) has welcomed Prime Minister Julia Gillard’s support for uranium exports to India, a move that has boosted optimism across the sector here.

“The ability for India to generate the power needed to support its rapidly growing economy is reliant on safe and secure access to nuclear power. With Australia holding a significant share of the world’s uranium reserves, it represents an important opportunity for trade that can be managed, given appropriate levels of transparency,” said Arun Sharma, national chairman of AIBC, which this year celebrates 25 years of promoting trade and business relations between the two countries. Continue reading →