123 agreement is binding on all parties: PM
In the backdrop of a fresh controversy triggered by US President George Bush's contention on fuel supplies, Prime Minister Manmohan Singh on Saturday sought to allay any concerns, asserting the 123 agreement is binding on all parties concerned.
Singh told a meeting of the Congress Working Committee (CWC) here that there is no cause for concern on any aspect of the Indo-US nuclear deal, said a party leader who attended the day-long deliberations. The Prime Minister said an international agreement is binding on all parties concerned.
This assumes significance as it comes in the backdrop of Bush's memorandum to the US Congress in which he said the 123 agreement records certain political commitments concerning reliable nuclear fuel supply assurances but does not transform them into legally binding commitments.
The observation by Bush on Thursday kicked a controversy here with Left parties and BJP accusing the UPA government of misleading the country. India is apparently unhappy over Bush's observation and Ministry of External Affairs on Friday issued a statement, asserting that the 123 agreement, once operational, will be a "legal document" in accordance with "well-recognised principles" of international law and the Law of Treaties.
The MEA asserted that India's civil nuclear cooperation with the US will be "guided" only by the 123 agreement which clearly spells out the respective rights and obligations of the two countries.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.