Nov 24 (Reuters) - Canada and India are close to
finalizing an export agreement in a deal valued at about US$2.8
billion, the Globe and Mail reported on Monday, citing people
familiar with the matter.
The deal for Canada to ship uranium to India would run for
10 years if finalized, the report said, adding that uranium
would be supplied by Canada's Cameco Corp. ( CCJ ) The deal
could be part of a broader nuclear cooperation effort between
the two countries, the report said.
The Indian government, the Indian Trade Ministry, the
Canadian government and Canada's Trade Ministry did not
immediately respond to Reuters requests for comment. Reuters
could not immediately verify the report.
Canadian Prime Minister Mark Carney met with Indian Prime
Minister Narendra Modi for a discussion on the sidelines of the
G20 summit in Johannesburg, South Africa, on Sunday.
The Indian government said on Sunday that the two countries
agreed to restart stalled talks for a new trade deal, after
discussions had paused following a diplomatic spat two years
ago.
"The leaders agreed to begin negotiations on a high-ambition
Comprehensive Economic Partnership Agreement (CEPA), aimed at
doubling bilateral trade to USD 50 billion by 2030," the
statement from India's Prime Minister's Office said.