Author Topic: India and Japan sign nuclear deal  (Read 495 times)

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India and Japan sign nuclear deal
« on: November 18, 2016, 12:59:40 AM »
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The leaders of the two countries have signed a civilian nuclear cooperation, allowing exports of crucial Japanese technology to fuel India's growing economy. But concerns remain about India's non-proliferation status.

The Indo-Japanese nuclear deal has been six years in the making, and was officially signed by Japanese Prime Minister Shinzo Abe and his Indian counterpart Narendra Modi in Tokyo on Friday.

The deal marks Japan's first nuclear cooperation agreement with a country that is not a signatory to the nuclear non-proliferation treaty (NPT). The NPT is an international treaty meant to prevent the spread of nuclear weapons and arms technologies, while promoting the peaceful use of nuclear energy. India refuses to sign it, saying it is discriminatory because it defines nuclear-weapons states as those that tested nuclear devices before 1967.
The nuclear deal between Asia's second and third largest economies has been described by the two countries as "a new level of mutual confidence and strategic partnership for the cause of a peaceful and secure world."
Mutual benefits
Supporters of the impending deal say it is a win-win situation for both Tokyo and New Delhi. India will be able to feed its energy-hungry economy with emission-free energy, whereas Japan opens up new business opportunities for its nuclear sector.

Japan's cutting-edge nuclear technology is considered crucial for India's massive economic growth. Japan has a monopoly in the manufacturing of reactor safety components and power plant domes - key parts that India needs to enable its nuclear cooperation programs with the US and other countries.
The deal would allow Japan's struggling nuclear industry access to the growing Indian market, which is estimated to be worth $150 billion. This would be a great opportunity for Japanese nuclear companies that have suffered greatly since the 2011 Fukushima nuclear accident.

India's similar civil nuclear deals with South Korea and the US "have boosted bilateral relations,"


 

 

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