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Indo-Canada civil N-deal: PM to sign agreement

India and Canada will sign a civil nuclear agreement during Prime Minister Manmohan Singh`s forthcoming visit to the G-20 Summit in Toronto later this month.



Toronto: India and Canada will sign a
civil nuclear agreement during Prime Minister Manmohan Singh`s
forthcoming visit to the G-20 Summit in Toronto later this
month.

The four-day visit commences on June 26.

The agreement will be signed after a bilateral meeting
between Singh and his Canadian counterpart, Stephen Harper,
who will be hosting a special dinner in honour of Indian Prime
Minister on June 27, official sources said yesterday.

The two countries will also review their bilateral
economic and cultural ties.

"We hope to complete the prerequisite of the agreement
before Dr Singh arrives in Toronto," they said.

The agreement will allow Indian firms to export and
import controlled nuclear material, equipment and technology
to and from Canada, they added.

India has already signed similar agreements with
countries like the US, France and Russia.

Besides uranium exports, Canada is pitching its
1200-MWe class Advanced CANDU reactor as a good fit for the
Indian nuclear programme due to its size and localisation
potential.

"Negotiations have been concluded. There will be a
bilateral cooperation in civil nuclear agreement. Canada is
the biggest exporter of uranium in the world. Equally
important is that we (India and Canada) are using the same
technology and exploring the possibility of setting up nuclear
power plants in third countries," they said.

Singh will review progress in the proposed
comprehensive economic partnership agreement, the Foreign
Investment Protection and Promotion Agreement (FIPPA), MoUs
signed by the two countries in energy sector and cultural and
social security agreements, they said.

The Indian Prime Minister will be accompanied by a
high-powered delegation including Planning Commission Deputy
Chairman Montek Singh Ahluwalia, Foreign Secretary Nirupama
Rao and National Security Advisor Shivshankar Menon.

Both countries are keen to strengthen their economic
ties and the forthcoming meeting between the two Prime
Ministers would be an important historic event, they said.

A joint-study group set up to explore the areas of
mutual interests for concluding a Comprehensive Economic
Partnership Agreement (CEPA) has concluded its study and
submitted its report, they said, adding the two leaders are
expected to release the study and start negotiations.

Both countries will try to triple the bilateral trade
and investment volume to CAD 15 billion by 2015 from the
current CAD 5 billion, they added.

PTI

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