Oz may sell uranium to India: Report

In a bid to strengthen bilateral ties, the Australian government could review and lift the long-standing ban on uranium export to India later this year, a media report said on Thursday. Earlier this year, Indian foreign minister S M Krishna met Australian resources minister Martin Ferguson, initiating talks on the issue. Australia previously imposed a ban on selling uranium to India as it has a policy of exporting the radioactive element only to the signatories of NPT. However,all major nuclear nations were now offering nuclear trade with India, the report cited . According to The Australian,“Later this year, the Gillard government is likely to adopt a resolution lifting the ban .” The resolution could allow an exception for India, with appropriate safeguards or allow the federal cabinet the authority to make an exception when it wants to.