Aussie Opposition to Export Uranium to India if Elected
Source: Dow Jones Newswires (8/10/10)
"Australia's relationship with India has been 'badly mishandled.'"
Tony Abbott, leader of the coalition, commented that Australia's relationship with India has been "badly mishandled" by the ruling Labor government, which opposes uranium exports to India.
The relationship has also suffered in recent times from a number of diplomatic dust ups, notably a series of racist attacks on Indian students studying in Australia.
"India is one of the coming super powers. It is obviously going to have a very important place in our region as well as in the world," Abbott told reporters.
Opinion polls show Abbott's conservative coalition has a chance of defeating Labor at this month's ballot, although a Newspoll on Monday put Labor narrowly in front.
Australia has almost 40% of the world's uranium resources and along with Canada is a major global supplier, exporting 9,339 metric tons in 2009 valued at A$1.07 billion.
India, among the fastest growing economies in the world, is looking to expand overall electricity generation capacity to bridge its peak-hour shortage, which widened to about 13% in May from about 12% a year earlier.