Australia and India have finalised an agreement allowing Australian uranium exports for India's nuclear energy sector, expanding cooperation on clean energy, critical minerals and infrastructure as the two countries strengthen their strategic and economic partnership.
Australia and India finalised an arrangement on Thursday that will allow Australian uranium exports to India for use in its nuclear energy sector, Reuters reported, marking a new step in the two countries' broader energy and trade relationship.
Australian Prime Minister Anthony Albanese announced the deal in Melbourne after talks with visiting Indian Prime Minister Narendra Modi, saying it would support India's shift towards a larger share of non-fossil fuel power while opening another market for Australian resources.
India has been seeking access to Australia's uranium reserves as it works towards a target of 100 gigawatts of nuclear energy capacity by 2047. Australia, meanwhile, is seeking to broaden trade ties beyond China, its largest trading partner.
The two countries signed a nuclear cooperation pact in 2014, but uranium exports have remained limited because of safeguards designed to ensure the fuel is used only for peaceful purposes such as power generation.
Modi said the relationship offered “historic opportunities” in areas including energy transition, critical minerals, green hydrogen and low-carbon aluminium. He also urged Australian businesses to invest for the long term in India's roads, ports, railways and urban infrastructure.
AustralianSuper, Australia's largest pension fund, said it would invest a further A$500 million (US$347 million) in India's National Investment and Infrastructure Fund.
Albanese described Modi as a “living bridge” between the two countries, pointing to the Indian leader's role in shaping Australia's economic engagement with India. India is Australia's fifth-largest trading partner, and around one million people in Australia claim Indian ancestry.
Modi arrived in Australia after a visit to Indonesia, where he signed agreements on agriculture and defence, including for the BrahMos cruise missile system. He is expected to meet members of the Indian diaspora in Melbourne before travelling to New Zealand on Friday.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments. ...
Russian ballistic missile strikes on Ukraine’s capital Kyiv has killed at least twelve people and injured more than two dozen&...
South Korea estimates North Korea possesses between 80 and 120 n...
The collective-defence agreement between Türkiye, Saudi Arabia and Pakistan signals that regional powers no longer want to rely solely on external security guarantees. Whether it becomes a stabilising deterrent or another axis of rivalry remains unresolved.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 19th of August, covering the latest developments.
South Korea estimates North Korea possesses between 80 and 120 nuclear warheads, its defence minister said on Thursday, citing a range significantly higher than U.S. President Donald Trump's recent assertion that Pyongyang has 57 nuclear weapons.
Russian ballistic missile strikes on Ukraine’s capital Kyiv has killed at least twelve people and injured more than two dozen others, Ukrainian officials said, with fires reported across the city and Poland activating defensive air operations.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th of August, covering the latest developments.
Shipping traffic through the Strait of Hormuz remains limited on Thursday, with no increase in vessel crossings as U.S.-Iran talks to resolve the conflict remained stalled. Nine commodity vessels transited the key waterway on Wednesday, unchanged from the previous day, according to Kpler data.
Britain has summoned Israel’s chargé d’affaires and demanded that the Israeli government withdraw a tender for construction in the controversial E1 settlement area in the West Bank.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment