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Will IAEA meet open global trade doors for India?

Published on Fri, Jul 18, 2008 at 09:20 , Updated at Fri, Jul 18, 2008 at 21:50
Source : CNBC-TV18

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Suhasini Haider, CNBC-TV18

 

India will hold a scaled-down briefing for the The International Atomic Energy Agency (IAEA) on the safeguards agreement, and other aspects of the deal. It will be held at a place in Vienna.

 

The Foreign Secretary Shivshankar Menon, has left for Vienna along with a small team ahead of those negotiations at the IAEA on Friday. It is known that the negotiations and the briefing will take place outside of the IAEA headquarters in Vienna. This is because India has now chosen to scale down its earlier request. It had asked to meet all 140 members of the IAEA, but it is now focusing its briefings on the board of governors, the 35 members there and the members of the nuclear suppliers group - ambassadors of countries that supply nuclear energy to the world.

 

During those briefings, the Indian diplomats as well as the technicians, the scientists from the Department of Atomic Energy are looking to allay any concerns, those countries might have over the Indo-US nuclear deal and the IAEA safeguards agreement text that has now been released worldwide.

 

India will make a subtle speech to the nuclear suppliers group members telling them that once the Indo-US nuclear deal clears all its hurdles; that it won’t just be about Indo-US nuclear trade and that India will be open to trade with all the other countries. India is looking at about 20,000 MW of nuclear power and that becomes an estimated USD 60 billion. So a lot of business to go around to what they call mutual benefit.

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