The Australia-India Nuclear Cooperation Agreement permits Australian companies to commence commercial uranium exports to India, an important milestone in Australia’s relationship with India.
This Agreement provides the framework for substantial new trade in energy between Australia and India. The supply of Australian uranium will help India meet its rapidly growing electricity demand and improve the welfare of its people. The administrative arrangements have been signed and uranium exports can begin immediately.
The Government has also finalised Australia’s Nuclear Cooperation Agreement with the UAE. Australia will now supply uranium for use in UAE’s developing nuclear power program.
These agreements set out strict conditions for the peaceful use, safeguarding and security of Australian uranium.
Australia now has 24 nuclear cooperation agreements in force, allowing exports to 42 countries plus Taiwan.