China to clinch uranium deal with Australia

China and Australia are close to strike the final agreement with Australia for the supply of uranium, a senior Chinese diplomat said here on Tuesday.

BEIJING: China and Australia are close to strike the final agreement with Australia for the supply of uranium, a senior Chinese diplomat said here on Tuesday.

"We believe that the final agreement (with Australia) will be reached very soon," Chinese Assistant Foreign Minister, He Yafei told reporters here.

He did not say whether the final deal would be struck during the upcoming state visit to Australia by Chinese President Hu Jintao, beginning from September three.

With regard to uranium cooperation between China and Australia, at the beginning of this year, the China-Australia agreement on peaceful use of nuclear energy and agreement on the transfer of nuclear materials came into effect, He said at a special briefing on Hu's visit.

"The two documents laid solid foundation for uranium resource cooperation. We are satisfied to see that relevant businesses of the two countries are exploring uranium development and cooperation. There have been some substantive results," he said.

"I want to stress that as a signatory to the Nuclear Non-proliferation Treaty (NPT), China attaches great importance to nuclear security. We stand ready to cooperate with Australia and other members of the international community to remain committed to nuclear non-proliferation and to pursue nuclear energy cooperation under the pre-condition of peaceful utilisation," he said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › China to clinch uranium deal with Australia
Text Size:AAA
Success
This article has been saved

*

+