India, Canada to sign pact on civil nuke deal

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Toronto: India and Canada will sign a civil nuclear agreement during Prime Minister Manmohan Singh’s forthcoming visit to the G-20 Summit in Toronto later this month.

The four-day visit commences on June 26.

The agreement will be signed after a bilateral meeting  between  Dr. Singh and his Canadian counterpart, Stephen Harper, who will be hosting a special dinner in honor of Indian Prime Minister on June 27, official sources, said on June 7.

The two countries will also review their bilateral economic and cultural ties.

The agreement will allow Indian firms to export and import controlled nuclear material, equipment and technology to and from Canada, they added.

India has already signed similar agreements with countries like the United States, France and Russia.

Besides uranium exports, Canada is pitching its 1200-MW class Advanced CANDU reactor as a good fit for the Indian nuclear program due to its size and localization potential.

Both countries are keen to strengthen  their economic ties and the forthcoming meeting between the two Prime Ministers would be an important historic event, they said.

Both countries would try to triple the bilateral trade and investment volume to CAD 15 billion by 2015 from the current CAD 5 billion, they added.

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