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India, Uzbekistan Advance Strategic Partnership With Uranium Arrangement

India, Uzbekistan Advance Strategic Partnership With Uranium Arrangement
PM Modi’s Uzbekistan visit may lead to a uranium agreement · CNBC TV 18

India and Uzbekistan decided to make their partnership much stronger.

They announced plans for a long-term arrangement for Uzbekistan to supply uranium to India for civilian nuclear power.

The articles describe this as an arrangement or framework, rather than confirming that a final supply contract has already been signed.

The countries will create a council led by their foreign ministers to guide cooperation.

They will also upgrade an existing joint commission so ministers can oversee it.

Trade between the countries passed $1 billion last year, and they want it to reach $5 billion by 2030.

The two sides also discussed defence, technology, clean energy, space, healthcare, education and business.

They agreed to create sister-city and sister-state partnerships and make it easier for people to travel between the countries.

Modi visited Tashkent from August 29 to 30 before traveling to Kyrgyzstan for a Shanghai Cooperation Organisation summit.

Key facts

Strategic status
The relationship was elevated to a comprehensive strategic partnership on the 15th anniversary of the strategic partnership.
Uranium arrangement
The two countries announced plans to establish a long-term arrangement for uranium supplies to India for civilian nuclear energy.
Trade
Bilateral trade crossed $1 billion last year for the first time; the countries set a target of $5 billion by 2030.
Coordination mechanism
A Coordination Council led by the two foreign ministers will guide bilateral cooperation.
Joint Commission
The existing commission will be upgraded from the secretary level to the ministerial level.
Agreements
The countries exchanged 11 memorandums of understanding and agreements covering areas including digital payments, culture and archives.
Connectivity and travel
There are 14 direct flights each week, and Uzbekistan is set to remove visa requirements for Indian citizens staying up to 30 days.

Quotes

Shavkat Mirziyoyev

President of Uzbekistan

“To achieve this, we will systematically address issues related to market access, connectivity, banking, and payment systems. We will work together to enhance win-win cooperation in infrastructure development. Cooperation in Digital Public Infrastructure, Artificial Intelligence, critical minerals, clean energy, space, and nuclear energy is making our relationship future-ready.”
CNBC TV 18
“This year marks the 15th anniversary of our Strategic Partnership. On this special occasion, we have decided to elevate our relations to a Comprehensive Strategic Partnership. Today, we have prepared an ambitious agenda to advance this new phase of our partnership with greater speed and tangible results.”
CNBC TV 18

Sources

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