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« Cameco Sets Production Outlook for Cigar Lake Operation | Main | Gold-prices.biz: Stock Trader Update 09 December 2015 »
Sunday
Dec132015

India, Japan fast-track ties with bullet train, civil nuclear deal 

Japan and India on Saturday concluded negotiations for a landmark civil nuclear pact and Tokyo agreed to give a $12 billion loan for the country’s first high-speed train in a big boost to the ties between Asia’s second and third largest economies.

The annual summit meeting between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe also paved the way for India getting Japanese defence technologies and equipment, and coordinating their shared position on the contentious South China Sea issue.

Once signed, the nuclear deal will make it possible for US firms GE and Westinghouse to invest in India because their strategic Japanese partners like Hitachi and Toshiba aren’t allowed to trade with countries that do not have a civilian nuclear agreement with Tokyo.


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