India and Canada sign landmark nuclear energy cooperation agreement

Canada and India have reached a landmark agreement on nuclear energy, marking a significant diplomatic breakthrough between the two nations.

According to reports, Canadian Finance Minister Chrystia Freeland has signed deals worth billions of dollars with Indian Prime Minister Narendra Modi. The agreements include a $1.9 billion uranium supply deal with Cameco, as well as discussions on a potential trade agreement.

The nuclear energy deal is seen as a major breakthrough in relations between Canada and India, which have faced challenges in recent years. In 2020, the Canadian government imposed sanctions on Indian companies over human rights abuses in Xinjiang, leading to tensions between the two nations.

However, the new agreements appear to have helped to reset ties between Canada and India. The deals are expected to provide a significant boost to Canada’s economy, particularly in the energy sector.

Details of the agreements were not disclosed, but they are believed to include provisions for the supply of uranium to India’s nuclear power plants. The deal is seen as a major win for Cameco, which has been struggling to compete with other uranium suppliers.

The agreements were announced during a visit by Canadian Finance Minister Chrystia Freeland to India, where she met with Indian Prime Minister Narendra Modi and other officials.

Source: Google News World