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    market news

    Australia not to supply uranium to India

    Investing News Network
    Apr. 06, 2010 09:29AM PST
    Long Tail

    Hindustan Times reports Australia will not change its policy and will not supply uranium to India.
    Australian Trade Minister Simon Crean told reporters in Canberra: “There is no prospect for a change. 
    “We have consistently said, made this clear to India that we, because of our policy, cannot supply to countries that are non-signatories to the non-proliferation treaty,” […]

    Hindustan Times reports Australia will not change its policy and will not supply uranium to India.

    Australian Trade Minister Simon Crean told reporters in Canberra: “There is no prospect for a change. 
    “We have consistently said, made this clear to India that we, because of our policy, cannot supply to countries that are non-signatories to the non-proliferation treaty,” the Australian Financial Review quoted him as saying. 

    In August 2007, the government of John Howard agreed to sell uranium to India subject to the finalisation of a US-India nuclear deal and the conclusion of a bilateral Australia-India nuclear safeguards agreement. 

    For complete story, click here.

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