NPT Current Affairs - 2019

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India, New Zealand ink three agreements including avoidance of double taxation

India and New Zealand signed three agreements in the areas of double taxation avoidance (DTA), sports and food security to carry forward the ties between both sides.

The agreements were signed in the presence of Prime Minister Narendra Modi and his New Zealand counterpart John Key after the delegation-level talks in New Delhi.

Both countries have reached an understanding on further cooperation on cyber security, counter-terrorism, customs, education and food safety

Signed agreements are

  • Arrangement between the Ministry for Primary Industries of New Zealand regarding Food Safety Cooperation and Food Safety and Standards Authority of India (FSSAI)
  • MoU on cooperation in the field of youth affairs and sports. It was signed between the Ministry of Youth Affairs and Sports of India and Sport New Zealand.
  • Protocol to the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

Besides, both countries also agreed to

  • Establish Bilateral Ministerial Dialogue between two Foreign Ministries.
  • Establish Annual Foreign Ministry Consultations at Senior Officials Level.
  • Cooperation and Dialogue on Cyber Issues.

Support for NSG

During this visit of New Zealand PM, India failed to get outright support of New Zealand for its  bid for Nuclear Supplier Group (NSG) membership. India had clearly notified New Zealand that its entry to the NSG was tied to its need for clean energy and climate change commitments. Thus, it indicates that New Zealand is yet to change its position of admitting only signatories of Nuclear Non-Proliferation Treaty (NPT) countries in NSG, a group of 48 countries which works by consensus.

Why New Zealand does not support India’s bid to NSG?

New Zealand is part of a group called the New Agenda for Coalition which promotes the NPT and pushes for nuclear disarmament worldwide.

Comment

  • The official state visit New Zealand PM John Key comes in run-up to a crucial NSG Consultative Group (CG) meeting to be held in Vienna in November 2016.
  • This meeting will specifically to consider whether countries that haven’t signed on to the NPT can be considered for membership.
  • Earlier in June 2016, India’s membership bid to NSG had failed to make headway in Seoul (South Korea) after it was opposed by China and other countries.
  • New Zealand was also among the countries led by China that have demanded to set criteria for non-signatories of the NPT for joining NSG.

What is New Agenda for Coalition (NAC)?

NAC is a geographically dispersed group of middle power countries that promotes the NPT and pushes for nuclear disarmament worldwide. It consists of Brazil, Egypt, Ireland, Mexico, New Zealand and South Africa. The group was officially launched in Dublin (Ireland) in June 1998 in response to the North-South divide that stymied talks on nuclear disarmament and non-proliferation within the framework of the NPT.

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India, Australia seal N-deal procedures

India and Australia have sealed Nuclear-deal procedures for supply of uranium from later to energy starved India.

N-deal procedures were formally completed between both countries following a bilateral meeting between Prime Minister Narendra Modi and his counterpart Malcolm Turnbull in Antalya, Turkey on the sidelines of the G-20 Summit.

Following the conclusion of the agreement, India has become the first country to buy Uranium from Australia without being a signatory to the Nuclear Non-proliferation Treaty (NPT).

Background

  • India and Australia had started talks on the Civil Nuclear Cooperation Agreement in 2012 after Australia had lifted the long-standing ban on selling uranium to energy-starved India.
  • The cooperation agreement was signed between two countries in September 2014 to sell uranium as a nuclear fuel for peaceful power generation.

It should be noted that Australia has about a 40 percent of world’s recoverable uranium resource and annually exports around 7,000 tonnes of it.

In India, nuclear energy contributes just 3% of its electricity generation and it has currently signed nuclear energy agreements with 11 countries. Presently, India imports uranium from France, Russia and Kazakhstan to supply fuel to its two dozen small reactors at six sites with a total capacity of 4,780 MW which accounts for 2% of its total power capacity.

Month: Categories: National

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