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  01 MAIN
   
   
  02 NEWSMAKER
   
   
  03 INVESTMENT
   
   
  04 TRADE AND ECONOMY
   
   
  05 POLICY
   
   
 

06 FEATURE

   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
 

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01. MAIN

Prime Minister Julia Gillard moves to lift Australia's controversial ban on uranium sales to nuclear power India in a bid to strengthen relations with the fast-growing economic powerhouse.While Canberra exports uranium to China, Japan, Taiwan and the United States, India has been excluded because New Delhi has not signed the Nuclear Non-Proliferation Treaty, a prerequisite her Labor Party puts on sales.But Gillard said it was time to change, with the subject likely to dominate the annual Labor Party conference in Sydney next month where any policy switch needs to be ratified.

"I believe the time has come for Labor to change its position. Selling uranium to India will be good for the Australian economy and for Australian jobs," she told a press conference.Although Australia uses no nuclear power, it is the world's third-ranking uranium producer behind Kazakhstan and Canada, exporting 9,600 tonnes of oxide concentrate annually worth over Aus$1.1 billion (US$1.1 billion). It also holds the world's largest reserves of uranium, with 23 percent of the total, according to the World Nuclear Association.

Gillard said Canberra had pursued international diplomatic efforts to have India sign the nuclear treaty but the US-India Civil Nuclear Agreement, penned in 2005, changed that strategy. Under that declaration, India agreed to separate its civil and military nuclear facilities and abide by International Atomic Energy Agency (IAEA) safeguards. In exchange, the United States agreed to work toward full civil nuclear cooperation with the South Asian giant. "It effectively lifted the de facto international ban on co-operation with India in this area," said Gillard.

"Consequently, for us to refuse to budge is all pain with no gain." India was expected to increase its use of nuclear power from the current three percent of electricity generation to 40 percent by 2050 and Gillard said it made economic sense in "the Asian century" to boost ties."We are a very big supplier of uranium so having access to this new and growing market is good for Australian jobs," she said. But the prime minister stressed that any exports would have to be accompanied by guarantees that uranium would only be used for power facilities and not military purposes."We must, of course, expect of India the same standards we do of all countries for uranium export," she said. This included strict adherence to IAEA arrangements and "strong bilateral undertakings and transparency measures that will provide assurances our uranium will be used only for peaceful purposes". The conservative opposition in Australia has for years been calling on Labor to change its policy so the country can tap into the lucrative and expanding Indian market. New Delhi has also been pressuring the government.

But not everyone wants a policy change with Labor senator Doug Cameron among those opposed. "We'll simply be exporting uranium to India and that will free up uranium within India for the military programme," he said, while Australian Greens leader Bob Brown slammed the move.He said it was putting the commercial interests of multinational mining companies ahead of global safety, warning that selling uranium to India would add to the "nuclear arms race"."This is a country that has intermediate-range missiles," Brown told ABC radio. "It's developing a plethora of nuclear submarines with nuclear weapons."

India- Australia Discuss Bilateral Cooperation in Coal Sector

India and Australia would further explore the possibilities to increase bilateral cooperation and collaboration in coal sector which will include transfer of technology for underground mining and facilitating invest in Indian coal sector. This was decided in a meeting held between Shri Sriprakash Jaiswal, Minister of Coal and Australian Minister for Resources and Energy and Minister for Tourism, Mr. Martin Ferguson.

During discussion both the countries decided to have meeting of joint coal task force in December this year to review the bilateral cooperation in identified areas under the action plan signed between the countries in May this year. It was felt that there is a big scope to strengthen cooperation in the area of coal technology reducing emission, rehabilitation of abandoned coal mines, and extraction of deep seated coal resources and to facilitate investment in coal mining areas. India and Australia have signed the Coal Action Plan 2011-14 and setup a joint task force to strengthen cooperation in coal sector.

During the meeting, Secretary Coal, Shri Alok Perti and senior officials of the ministry were also present.

Prime Minister’s visit to Singapore

Prime Minister Dr. Manmohan Singh accompanied by Smt. Gursharan Kaur paid an official visit to Singapore on 19-20 November, 2011. He paid a courtesy call on President of Singapore Dr. Tony Tan Keng Yam and also held talks with his counterpart, Prime Minister of Singapore Mr. Lee Hsien Loong. Prime Minister Lee Hsien Loong and Mrs. Lee Hsien Loong hosted a lunch in honour of Prime Minister and Smt. Gursharan Kaur and the accompanying delegation. During his stay in Singapore, Prime Minister also met with former Prime Ministers of Singapore Mr. Lee Kuan Yew and Emeritus Senior Minister Goh Chok Tong.

Prime Minister had wide ranging discussions with his counterpart covering international, regional and bilateral issues. The Prime Minister emphasised that Singapore is an important pillar of India's Look East Policy and the two countries shared a close understanding in regional and multilateral fora. Both leaders affirmed the strong bilateral ties between India and Singapore and agreed that there had been a remarkable deepening of bilateral relationship since the conclusion of the Comprehensive Economic Cooperation Agreement in 2005. They discussed ways to further strengthen cooperation in fields such as Trade, Investment, Skills Development, Education, Infrastructure and Township Development. They took note of the ongoing second CECA review and underlined the need for it to be purposeful and covering all aspects of trade, investment and services. Prior to the visit the Governments of India and Singapore signed a MoU on Cooperation in the Field of Personnel Management and Public Administration and an Executive Programme on Cooperation in the Fields of Arts, Heritage, Archives and Library. The Parliaments of India and Singapore have also agreed to establish respective Parliamentary Friendship Groups.

Both Prime Ministers took note of the strong intergovernmental links between India and Singapore and continued regular high level institutional exchanges such as the Foreign Office Consultations, Ministerial Meetings, the Defence Policy Dialogue and the Security Round Table. Prime Minister extended an invitation to the Prime Minister of Singapore to pay a bilateral visit to India and also said that we looked forward to Singapore's participation in the India-ASEAN Summit in India in December- 2012 to commemorate 20 years of our partnership with ASEAN and in the series of activities India is planning in the run up to the Summit.

During his stay in Singapore the Prime Minister and Emeritus Senior Minister Mr. Goh Chok Tong unveiled a Marker and Bust of Jawaharlal Nehru at the Asian Civilisation Museum Greens.

 


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