Bank Of Baku

Australia reverses ban on uranium exports to India

Australia reverses ban on uranium exports to India
# 04 December 2011 04:46 (UTC +04:00)
Baku-APA. Australia’s ruling party has voted to overturn a long-standing ban on exports of uranium to India, APA reports quoting Associated Press.

The Labor Party’s vote Sunday came despite fierce opposition from critics who argued such sales are unsafe because India has not signed the Nuclear Nonproliferation Treaty.

Prime Minister Julia Gillard urged Labor members to allow the exports in the interest of the national economy. She says there are safeguards in place to ensure the uranium will be used for peaceful purposes.

Australia holds 40 percent of the world’s known uranium reserves. It does not sell uranium on the open market and bans nuclear power generation at home.

The party’s vote to amend an executive policy does not need parliamentary approval.
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THE OPERATION IS BEING PERFORMED