As per the news published in some newspapers, some Indian business houses are willing to import Uranium from Australia. But due to certain regulatory issues, this is not possible for them. What is/are these regulatory problems particularly those which govern the import/ export of materials like Uranium?
1. India has a special agreement with USA which does not allow India to import such radioactive materials from anywhere else.
2. India is not a signatory to the nuclear Non-Proliferation Treaty. Hence, it cannot import Uranium from Australia or other such countries.
3. As per WTO rules, the export-import of radioactive material in its raw form is not allowed as it creates health harzards.
View solution