Latest development3 months ago
India Seeks US Talks Over 10% Forced Labor Tariffs
India initiates diplomatic channels with Washington to negotiate the removal or reduction of new 10% tariffs linked to forced labor allegations.
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Australian uranium stocks surged following the finalization of administrative arrangements to commence exports to India under a bilateral nuclear cooperation agreement. India is targeting a significant expansion of its nuclear capacity to 100 GW by 2047, up from its current 8 GW. Alongside the Australian deal, India clarified its commitment to international trade agreements and secured a C$2.6 billion supply contract with Canada’s Cameco for uranium deliveries starting in 2027.
India initiates diplomatic channels with Washington to negotiate the removal or reduction of new 10% tariffs linked to forced labor allegations.
Read the full storyIndia finalizes export arrangements with Australia and a C$2.6 billion deal with Cameco to fuel its ambitious 100 GW nuclear capacity target by 2047.
Commerce Minister Piyush Goyal dismissed claims of India stalling trade negotiations with the U.S. administration as baseless and false.
Australian uranium miners saw share price gains following reports of a new export agreement with India, expected to bolster long-term sector demand.