Canada signs Nuclear Energy Deal with India

Yesterday, during Indian Prime Minister Manmohan Singh’s visit to Canada to take part in the G-20 summit, India and Canada have signed a nuclear agreement to promote and develop co-operation in civilian nuclear energy. The Nuclear Cooperation Agreement (NCA) will see Canadian uranium exported to India as part of a wide-ranging pledge to increase trade. The agreement also includes co-operation in the fields of nuclear waste management and radiation safety.

Prime Ministers Harper, Singh standing as NCA is signed

Immediately after wrapping up the two-day G20 summit at the Toronto Convention Center, Prime Minister Stephen Harper was off to a bilateral meeting and dinner with Indian Prime Minister Dr.  Manmohan Singh at the Westin hotel. The deal signed Sunday night has been in the works for some time and was discussed when Mr. Harper visited India late last year. Several Conservative cabinet ministers from Harper’s cabinet were hand for the dinner, including Trade Minister Peter Van Loan.  Also,  Dr. Srikumar Banerjee, Chairman of India’s Department of Atomic Energy was on hand for the signature.

Canadian Prime Minister Harper speaks, Indian PM Dr. Singh (in turban) looks on

“India fully reciprocates Canada’s desire to intensify our bilateral relations in all areas,” Mr. Singh said at the dinner.  The two countries expressed their desire to increase annual bilateral trade to $15 billion by 2015 and to encourage two-way flow of investments.

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Posted on by Gunjan
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. He is author of Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market (Hachette Book Group, July 2008).

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