Minister Oliver Announces Milestone on Canada-India Nuclear Cooperation
SASKATOON, SASKATCHEWAN -- (Marketwired) -- 04/08/13 -- In a speech
today at Cameco Corporation headquarters, 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."
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 more than triple 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.
The following media backgrounder is available at
Canada-India Nuclear Cooperation Agreement
NRCan's news releases and backgrounders are available at
Media may contact:
Office of Canada's Minister of Natural Resources
Natural Resources Canada, Ottawa
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