India and Canada sign 10-year uranium supply deal
Change
India and Canada signed a 10-year agreement for Canada to supply uranium for India's civil nuclear reactors.
Why it matters
The deal ends the diplomatic freeze that had paused bilateral nuclear cooperation and requires agencies and companies that froze projects to restart regulatory and commercial work. Trade negotiators must also factor nuclear cooperation into discussions as they attempt to finalise a free trade agreement within the agreed timeline.
Implications
- — Procurement teams at India's civil nuclear utilities must engage Canadian suppliers to finalise delivery schedules and contract terms or risk misalignment between fuel arrivals and reactor refuelling plans.
- — Trade negotiation teams in India's and Canada's trade ministries must finalise a free trade agreement by December 31, 2026 — failing to meet that date will maintain existing trade exposure between the two countries.
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Source
BBC
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