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Australia seeks nuke co-op with China
CANBERRA: The Australian Government announced yesterday it is to start talks with China on a bilateral nuclear co-operation agreement.
"The deal will establish safeguard arrangements to ensure Australian uranium supplied to China is used exclusively for peaceful purposes," he said. The two countries have already held exploratory talks on the proposed agreement, according to Downer. Australia has an estimated 40 per cent of the world's low-cost uranium resources, while China has great energy needs to fuel its rapid economic development. "Opening up this export opportunity with China is consistent with the growing trade and economic relationship between our two countries, and Australia's position as a secure supplier of energy resources," he said. Australia has signed 19 nuclear agreements with 36 countries.
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