TORONTO: Canada, which signed the Nuclear Cooperation Agreement (NCA) with India in 2010, says it has moved a step closer to implementing the accord by signing `the appropriate arrangement’ to open India to export of Canadian uranium.
Joe Oliver, Canada’s Minister of Natural Resources, says the two countries have signed “the appropriate arrangement pursuant to the Canada-India Nuclear Cooperation Agreement has now been signed by both sides and will take effect as soon as the Nuclear Cooperation Agreement is brought into force by the two countries.’’
Making this announcement at the headquarters of uranium giant Camecon in the city of Saskatoon on Monday, the minister said, “This is an important step towards full implementation of the Nuclear Cooperation Agreement between Canada and India which will create new opportunities for the Canadian nuclear industry.” Camecon, which is one of the world’s largest uranium companies, is eying the Indian market.
“By opening the doors of trade, we will keep Canada at the forefront of the global economy for years to come,’’ the minister said.
The so-called appropriate arrangement has been signed by R.K. Sinha, secretary in the Indian department of atomic energy, and Michael Binder, chairman of the Canadian Nuclear Safety Commission.
Natural Resources Canada says, “When brought into force, the (Nuclear) Agreement will allow Canadian nuclear companies to export controlled nuclear materials, equipment and technology to India, for peaceful uses, in accordance with Canada’s nuclear non-proliferation policy and under the safeguards applied by the International Atomic Energy Agency. Canada’s nuclear regulator, the Canadian Nuclear Safety Commission, will oversee the implementation of the Agreement via the Appropriate Arrangement which was recently signed.’’
Canada produces about 20 percent of the world’s uranium.