OTTAWA: Canada and India are close to finalising 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 finalised, the report said, adding that uranium would be supplied by Canada’s Cameco Corp. 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.