Selling Australian Uranium to India
India is upset with Australia because we refuse to sell them Uranium. We currently have a ban on selling Uranium to all countries that have not signed the Nuclear Non-Proliferation Treaty.
Australian reserves hold 30-40% of the World’s Uranium, so this business is very lucrative for the country.
In principle, I support the sale of Uranium to India – they are a rapidly growing economy and they face huge increases in domestic demand for electricity. They are a democracy and I consider them to be a peace-loving people.
I presume that India is hesistant to sign this treaty due to their ongoing disputes with Pakistan, and as a counterbalance to their large nuclear-capable neighbour China.
The NPT is certainly important, but it should not be the only factor in the decision.
Last year, during the APEC summit, former Prime Minister John Howard signed an agreement with Russian President Vladimir Putin to sell Uranium to Russia. Unlike India, Russia is a signatory to the NPT and under the terms, Australian Uranium would not be used for military purposes or exported to third parties.
BUT as other people astutely pointed out – with Australian Uranium, Russia can divert its own domestically produced Uranium to weapons use, and sell it to hostile countries like Iran, whilst keeping within the terms of the NPT. Is this a desirable outcome?
Perhaps we can negotiate some other sort of agreement with India which would commit them to using Australian Uranium purely for nuclear electricity production, with some sort of Australian supervision. If such a thing can be done, this surely would provide a better outcome for all.
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