On 2nd September 2014, Australian Trade Minister Andrew Robb said that Australia is satisfied with the nuclear safeguards of India.
This statement of Australian Trade Minister is signaling for sealing of much-awaited deal on uranium export during Australian Prime Minister Tony Abbott's visit to India starting on 4th September 2014.
Trade Minister Andrew Robb is also accompanying Abbott on his India visit.
Australian Prime Minister Abbott will arrive in Delhi on September 4 to further strengthen
the strategic partnership and promote trade and investment between the two countries.
It is said that both countries have reached the deal on the civil nuclear agreement, which will be formally signed by Prime Minister Abbott during his visit.
The negotiations between the two sides for civil nuclear agreement was since 2012 after Labor party which was in power reversed its decision to ban the uranium sale to India because New Delhi has not signed the Nuclear Non-Proliferation Treaty.
Australia holds about a third of the world's recoverable uranium resources, and exports nearly 7,000 tonnes a year.
Energy in secured India is looking to nuclear power to supplement its existing options to fuel economic growth.
India has already concluded civil nuclear cooperation agreements with countries like Argentina and Kazakhstan.
Australia and India have strong and growing economic and trade ties.
India is Australia's fifth largest export market, with total exports of 11.4 billion dollars, and there is potential for further cooperation in resources, science, technology and education.
In 2012, then Australian Prime Minister Julia Gillard on her visit to India had announced that the two countries would begin negotiations for a nuclear safeguards agreement.
The negotiations and work that's gone on between authorities in India and Australia have gone on for some years to develop a bilateral nuclear cooperation agreement which meets the international requirements.
Now Australian authorities are satisfied, with India's nuclear safeguards.
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