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Canada to Supply Uranium to India for 5 Years

Canada has agreed to supply 3,000 metric tonnes of uranium to India under a $254 million five-year deal to power Indian atomic reactors.

The agreement for uranium supply was signed by Prime Minister Narendra Modi along with his Canadian counterpart Stephen Harper after comprehensive talks in Ottawa, Canada.

The agreement comes in line with the Canada- India Nuclear Cooperation Agreement that took effect in 2013.

As per uranium supply agreement, Canada’s Cameco Corporation will supply uranium to India for next five years starting from this year. These supplies will be under the International Atomic Energy Agency (IAEA) safeguards.

Canada is the second-largest producer of uranium globally and is the third country to supply uranium to India after Russia and Kazakhstan.

It should be noted that in the 1970s, Canada had banned exports of uranium and nuclear hardware to India after it was alleged that India had used Canadian technology to develop a nuclear bomb.

However, Canada- India Nuclear Cooperation Agreement signed in 2013, Canada moved away from ban and agreed to supply uranium to India.

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India, Sri Lanka inks agreement on civil nuclear cooperation, Cultural cooperation

India and Sri Lanka have signed an agreement on civil nuclear cooperation, Cultural cooperation during Sri Lanka’s newly elected President Maithripala Sirisen four-day visit to India.

Sri Lanka has signed first such bilateral agreement on civil nuclear cooperation.

Following agreements were signed between India and Sri Lanka

  • Agreement on Cooperation in the Peaceful Uses of Nuclear Energy- It will facilitate the transfer and exchange of knowledge and expertise, resources in peaceful uses of Nuclear energy between both nations. This agreement also includes capacity building and training of personnel for nuclear security, radioactive waste management and nuclear and radiological disaster mitigation and environmental protection.
  • Programme of Cultural cooperation between both nations for years 2015-18 –It seeks to enhance cooperation in different fields like arts, visuals arts, cultural documentation, archeology, handicrafts etc between both nations.
  • MoU on establishment of Nalanda University- It will enable Sri Lanka to participate in India’s Nalanda University project.
  • Work Plan 2014-15 under MoU on Cooperation in the field of Agriculture- It will facilitate bilateral cooperation in Agro Processing, Agricultural extension, horticulture, agricultural machinery, training in farm mechanization, livestock diseases, etc. between relevant institutes and organizations from both countries.

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India-Canada hold Strategic Dialogue

The second India-Canada Strategic Dialogue was held in New Delhi on October 14. The dialogue was co-chaired by Indian External Affairs Minister Sushma Swaraj and Canadian Foreign Affairs Minister John Baird.  Baird who is on a five day visit, also met PM Modi and discussed various bilateral matters.

PM Modi is set to meet the Canadian PM Harper in Australia, on the sidelines of the G-20 summit.

Strategic Dialogue

At the meeting, the two sides discussed a variety of bilateral issues including but not limited to defence, energy, nuclear cooperation, counter-terrorism, global and regional security.  The two countries are also working towards early conclusion of the Comprehensive Economic Partnership Agreement (CEPA) and Bilateral Investment Promotion and Protection Agreement (BIPPA).

The Strategic Dialogue between the two countries was first conceived in 2012 during the Canadian PM Harper’s visit to India. The first strategic dialogue was held in 2013 in Toronto

Nuclear Cooperation

As an outcome of the Strategic Dialogue, India and Canada are negotiating commercial contracts for the supply of uranium to Indian nuclear reactors. Also the two countries plan to cooperate in order to jointly build nuclear reactors with a higher capacity. Also, the two countries will jointly host a nuclear security workshop in India with around 15 countries. This is the first of its kind meeting that India would organize with another country

Skill Development

India will collaborate with Canada to improve its knowledge base in the arena of skill development. This cooperation would mostly be in the hydrocarbon and water management sectors.

Cooperation in oil and gas industry

The two countries agreed to cooperate in the fields of oil and gas. The investment opportunities in British Columbia, especially in natural gas, was highlighted by the Canadian side.

 Delegations

During the visit, different Canadian delegations will target different areas of co-operation with India.  Canadian International Trade Minister Ed Fast will lead a six day and three city trade mission to Mumbai, Delhi and Chandigarh to boost Indo-Canada trade and investment partnerships. The Canadian delegation is expected to be accompanied by representatives of 14 Canadian organizations, including small and medium sized enterprises, which are looking for opportunities to export to India.

Canadian Parliamentary Secretary Deepak Obhrai will lead a delegation of representatives of six Canadian organizations to Jaipur, Hyderabad and Mumbai to strengthen bilateral relations in regional security, education and trade.

Bilateral Trade

India is a priority market for Canada under its Global Markets Action Plan. Since 2010, Canada’s bilateral trade with India has increased 38% to $5.8 bn.

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