Business Standard
Thursday, May 24, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

'123 Agreement reflects deepening Indo-US relationship'
Lalit K Jha/ PTI / Washington Mar 30, 2010, 09:39 IST

Noting that the 123 Agreement between India and the US reflected deepening relationship between the two countries, top Obama Administration officials have said that it would have broader impact in the Indo-US ties.

"I think it's a reflection of the deepening of our relationship. We think that the 123 Agreement is in the interest of both the United States, India, and has broader impact as well," Assistant Secretary of State for Public Affairs P J Crowley told reporters at his daily news briefing.

Similarly, Secretary for Arms Control and International Security Ellen Tauscher pointed to the significant and prized relationship between the two countries.

"We're very happy to see that this agreement is moving forward, and the reprocessing agreement is one piece of a very large 123 Agreement, and we're happy to see that it's moved forward," Tauscher said.

Later in the day, the State Department released the text of the arrangements and procedures agreed between India and the United States.

The advanced consent agreement, the third such pact ever undertaken by the US with another country, grants India advance consent to reprocess spent fuel of US origin and fuel burned in US reactors.

"It was an agreement that required some follow-up, some detail. Obviously, we had to advise our Congress about it. Likewise, the Indian Government worked through the issues. So I think anytime that you not only reach an agreement but then can see it begin to be enacted, that develops trust and confidence on both sides. I think this reflects a much broader, deeper, and expanded relationship between our two countries," Crowley told reporters in response to a question.

Starting July last year, a high-level team from both countries held several round of talks on this crucial aspect of the Indo-US 123 Agreement, which gives New Delhi prior consent to reprocess.

The negotiations, held between a team of India's Department of Atomic Energy officials led by its director, strategic planning group, RB Grover and Richard Stratford, the non-proliferation and disarmament expert in US State Department, were aimed at finalising this pact.

As the two teams overcame several hurdles in their effort to complete the negotiations in time, Crowley termed it as "brilliant diplomacy" and said the State Department is satisfied that the agreement is moving forward.

Terming it as a "truly great news," President of the US India Business Council, Ron Somers, said the third-ever reprocessing arrangement negotiated by the US has now been successfully concluded.

According to him, the agreement distinguished India as a true partner in high technology cooperation for the long future.

The US had previously granted similar rights only to the European consortium EURATOM and Japan.

Both countries, who as partners would reshape economic destiny of 21st century, could now go ahead with the implementation of the US-India civil nuclear accord, Somers added.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- NSE loses trillion-dollar market cap tag, BSE a whisker away
- Mahindra & Mahindra taps Korean arm to crack China
- Gupta trial jury told of "top secret" Buffett deal
- US stocks recover late, euro falls
- First wiretap played at Gupta insider-trading trial
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Petrol price up Rs 7-plus in sharpest rise ever
- UPA allies, Opposition flay petrol price rise
- Rupee breaches 56/dollar amid feeble RBI action
- Telecom industry warns of mobile tariff hike
- Social media a new form of entertainment for GenY: Survey
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Creamy layer |  Air India |  GAAR |  DRDO  |  Black Widow |  Satyamev Jayate |  Akshaya Tritiya |  Aamir Khan |  IPL |  IVRCL |  Ertiga |  Sarfaesi Act |  Vodafone |  Imagine TV |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Budget 2012 |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us