Canada `will allow export of uranium to China`
Calgary: Canada has said it will allow the sale of uranium to China for use in nuclear energy generation, clearing the way for Canadian producers to compete with China`s current suppliers in Kazakhstan, Australia and Russia.
According to the Wall Street Journal, the deal was one of several trade pacts signed between the Chinese and Canadian governments and companies during a visit to Beijing by Canadian Prime Minister Stephen Harper.
Harper has said opening new markets in Asia for Canada`s energy and mining resources is a priority, as the country moves to improve ties with China and reduce its reliance on the US.
His government ramped up those efforts after the Obama administration rejected a crude-oil pipeline plan.
Almost all of Canada`s oil exports go to the US.
The new agreement allows the sale to China of yellowcake, a concentrated uranium powder used to make fuel rods for nuclear reactors. It can also be used to make weapons.
The pact will ensure that uranium exported to China will be used only for peaceful, civilian purposes, the Canadian Prime Minister’s office said.
Canada produces about a fifth of the world’s uranium and exports more than 80 percent of its production, according to the World Nuclear Association.
It is now the world’s No 2 exporter, after Kazakhstan. Canada sends most of its exports to the US, Europe and Japan.
More from India
More from World
More from Sports
More from Entertaiment
- UP CM Yogi Adityanath takes 50 decisions without single Cabinet meet
- Triple talaq, polygamy integral part of Islam: AIMPLB tells SC
- Triple Talaq: Why AIMPLB are opposing the petitions filed in Supreme Court?
- Etawah: UP cops caught drunk while on duty
- DNA: Should strict action be taken against stone pelters of J&K?
- Kapil Sharma–Sunil Grover fallout: Kiku Sharda finally breaks silence
- Chinese national insults Indian flag, throws it in dustbin outside Noida Oppo office; massive protest takes place
- Left to die on road, pregnant Lucknow woman writes to PM Narendra Modi to end 'triple talaq', says 'I voted for BJP'
- Here's why Donald Trump called PM Narendra Modi
- Gautam Gambhir gives Aussies perfect send-off, says true champions let their game do all the talking!