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India and Australia to Expedite Trade Agreement

India and Australia to Expedite Trade Agreement

The Prime Ministers of India and Australia have agreed to “expedite progress towards early conclusion of the administrative arrangements” necessary for implementation of the civil nuclear agreement signed in September. India has an ambitious nuclear power program but few indigenous uranium resources, while Australia is one of the world’s largest uranium producers and exporters. “Australian supply of uranium in coming years will enhance India’s energy security,” the joint statement noted. Australia has no domestic nuclear power plants.

Modi and Abbott meet at Parliament House in Canberra
Modi and Abbott meet at Parliament House in Canberra

Modi’s message to the press stressed that early closure on the agreement would give Australia “a chance to participate in one of the most secure and safe nuclear energy programs in the world.”

Addressing the Australian parliament, Prime Minister Tony Abbott said, “We want to be a dependable source of energy security, of resource security and of food security for India.”

Last updated: December 26th, 2025

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