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Julie Bishop's India Uranium Talks

Posted: 21/04/2015 11:16:58 AM by Mining Oil and Gas Jobs
Filed under: Energy, Diversity

In a revealing statement the Australian Uranium Association believe that Australia can become the largest supplier of uranium in the world and the start to such an end goal is to treat uranium like any other commodity.

Currently Australia has the largest deposits of uranium, being approximately 30-40% of the world reserves Not to say that Australia is not already having an impact already in the area of exporting. The highs have been around 10,000 tonnes per annum between 2004 and 2008, with current production in the order of 8000 tonnes. With that in mind Julie Bishop has undertaken a visit to India to develop cooperation between the two countries on the subjects of the respective economies.

These discussions follow on from representations made to India over the last six months towards the end of the 2014 calendar year a strong bi nation understanding has developed principally as a result of reciprocal state visits by Tony Abbott and Indian Prime Minister Narendra Modi.

The two Prime Ministers have committed to finalising the long-running Comprehensive Economic Co-operation Agreement this year. Although Mr Modi was in Hannover yesterday seeking closer trade ties with Germany, and flies to Canada today to finalise details of a similar uranium supply deal with Ottawa, Julie Bishop's trip has sparked bullish predictions among Indian foreign policy analysts who say the India-Australia relationship is "poised for transformation" on the back of China's economic slowdown and New Delhi's new-found willingness to play a regional leadership role.

She will meet her Indian counterpart Sushma Swaraj in the first India-Australia foreign ministry framework dialogue since the new government took office, to push progress on the nuclear co-operation agreement - a deal that removed a key stumbling block to closer ties.

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