India, US achieve ‘breakthrough’ in Nuclear deal

[babylonsister]

India, US achieve ‘breakthrough’ in Nuclear deal

Modi says civil nuclear agreement had been the centrepiece of transformed relationship between the two countries and demonstrated new trust

Published: 19:13 January 25, 2015
Gulf News

http://gulfnews.com/polopoly_fs/1.1446646!/image/545939885.jpg_gen/derivatives/box_475/545939885.jpg
US President Barack Obama (R) walks past an honour guard during the official welcome ceremony for his arrival at the Presidential Palace in the Indian capital New Delhi on Sunday. US President Barack Obama held talks January 25 with Prime Minister Narendra Modi at the start of a three-day India visit aimed at consolidating increasingly close ties between the world's two largest democracies.


New Delhi: India and the United States Sunday reached “a breakthrough” on issues holding up their civil nuclear cooperation and agreed to move towards commercial cooperation of their landmark civil nuclear deal that was initialed by the then leaders of the two countries on July 18, 2005.

US President Barack Obama said at his joint media interaction with Prime Minister Narendra Modi after their summit-level talks here that the two countries had reached breakthrough on two pending issues on the nuclear deal. Modi said that, six years after the deal was formally signed, the two countries have were “moving towards commercial cooperation..”

Indian Foreign Secretary Sujatha Singh later confirmed that agreement has been reached. “The deal is done. We have broken the logjam of the past few years,” she said.

There has been an impasse on operationalising the Indo-US nuclear deal with US companies having misgivings over India’s stringent civil nuclear liability law that puts the onus for any accident on suppliers. India had objection to the US insistence on control in perpetuity over the nuclear fuel and equipment.

In his remarks at the media interaction, Modi said the civil nuclear agreement had been the centrepiece of transformed relationship between the two countries and demonstrated new trust.

“It also created new economic opportunities and expanded our option for clean energy. I am pleased that six years after we signed our bilateral agreement, we are moving towards commercial cooperation, consistent with our law, our international legal obligations, and technical and commercial viability.”

Obama said the two leaders agreed to “advance our civil nuclear cooperation and we are committed to moving toward full implementation”.

“It is an important step and shows us how we can work together to elevate our relationship,” he added.

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[PoliticAverse]

1. The insurance pool is aimed at indemnifying companies building nuclear reactors in the country,

against liability in case of an accident."

[Wellstone ruled]

2. And the next biggee to get on board

will be Iran. And in saying that,it's scaring the shit out of the Likudnics and BiBi. Totally wipe out his Military Industry. Watch John Kerry in the next few weeks to see were he travels.