The Labour Party conference in Australia approved Uranium Exports to India

Australia’s ruling Labour Party on 4 December 2011 in its annual policy conference approved plans to open up uranium sales to India. This cleared the way for talks on a bilateral nuclear agreement between India and Australia. The conference held in Sydney overturned its own ban, which prohibits Australia to sell uranium to nations such as India that have not signed Nuclear Non-Proliferation treaty. The policy change does not need to be approved by Parliament. Australia possesses approximately 40 percent of the world’s known uranium reserves.