AUSTRALIA, INDIA TO HOLD SECOND ROUND OF TALKS ON NUCLEAR DEAL

16 Jul 2013 07:53

NEW DELHI, July 13 (Bernama) -- India and Australia will hold their second round of talks on uranium sale in July-end, three months after launching negotiations for a civil nuclear cooperation agreement.

Australian High Commissioner to India Patrick Suckling said Australian uranium sold to India would be for peaceful purposes with safeguards in place under the auspices of the International Atomic Energy Agency (IAEA), Press Trust of India (PTI) reported.

Asked when India can expect the first consignment of uranium, Suckling said it was up to companies to finalise the commercial details of the uranium sale. "That is up to the companies to make the decision but what we are trying to do is to put in place a framework to enable the (Australian) companies to be able to make that decision (to sell uranium to Indian companies)," he said.

In December 2011, Australia decided to reverse its ban to sell uranium to India after the ruling Labour Party's (ALP) national conference in Sydney favoured then Prime Minister Julia Gillard's move to open up uranium sale to India.

India is a non-signatory to the Non-Proliferation of Nuclear Weapons (NPT).

Australia holds about a third of the world's recoverable uranium resources.

--BERNAMA EE