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« Uranium-Stocks.net Portfolio Update 21 January 2008 | Main | Uranium: Too Calm for Comfort! »
Saturday
Jan192008

Australia’s Uranium Policy is tough on India

Australian Foreign Minister Stephen Smith

Above: Australian Foreign Minister Stephen Smith


The former Howard government in Australia had agreed in principle to supply uranium to India however the new government headed by Mr Rudd reiterated Labor's long-standing policy of not allowing uranium sales to countries who wouldn't sign the NPT, according to The Age.

The Labour Parties election manifesto contained a policy of not selling uranium to countries that have not signed the nuclear Non-Proliferation Treaty (NPT) The Age goes on to say;

“Australian Foreign Minister Stephen Smith expressed his confidence that Labor's strict policy on uranium sales won't affect Australia's relationship with India.”

One can't help thinking that India must be disappointed by this U turn imposed by the new Labour government as the break through with the previous regime would have raised their hopes of securing a supply of uranium from the holders of worlds biggest deposits. The ball in is now in India's court, can India find another secure supply of uranium or is signing the NPT the only way that they can get the Australians into providing uranium for their own industrial revolution? It will be interesting to see how this situation unfolds and hopefully results in a mutually satisfactory outcome for both countries.

This issue was also covered in the Chinaview just click this LINK and The Hindu just click this LINK.


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