Canada-India Nuclear Cooperation Agreement Announced

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By A Correspondent

In a speech April 8 at Cameco Corporation headquarters, Saskatoon, the Honourable Joe Oliver, Canada’s Minister of Natural Resources, announced that 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. 

“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,” said Minister Oliver. “By opening the doors of trade, we will keep Canada at the forefront of the global economy for years to come.”

“The arrangement establishes the modalities for a joint committee between the two countries mandated by the cooperation agreement to ensure ongoing discussions and information sharing to facilitate nuclear cooperation while maintaining strong non-proliferation standards. The CNSC will oversee the implementation of the agreement. With the appropriate arrangement finalised, the governments of the two countries can now take steps to bring the full nuclear cooperation agreement into force,” says a report researched and written by World Nuclear News.

When brought into force, the 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.

India is currently the fourth largest energy consumer in the world and is expected to quintuple its electricity supply within the next 25 years. This agreement is one example of the Government of Canada’s efforts to reach new markets for Canadian energy and to strengthen our trading partnership with the Asia–Pacific region.

The Government of Canada is actively addressing important issues for the nuclear sector, including: ensuring a strong regulator, updating our legislative framework, responsibly managing legacy wastes, restructuring Atomic Energy of Canada Limited (AECL) and enabling the supply of medical isotopes.

In Canada, the nuclear power generation sector produces about $5 billion in annual revenues and supports 17,000 direct jobs while uranium mining accounts for over $1billion per year in exports and supports 5,000 direct jobs.

JULY 2018

Vol. 12 - No. 12










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