U.S. Secretary of State Hillary Clinton on Tuesday said that the civil nuclear agreement between her country and India represents a major investment by both countries.
Clinton reaffirmed the United States' commitment for full civil nuclear cooperation and addressed India's concerns on the new Nuclear Suppliers Group (NSG) guidelines on the transfer of sensitive technologies.
Addressing a joint press conference with Indian External Affairs Minister S.M.Krishna after the second US-India Strategic Dialogue here, Clinton said: "This represents a major investment by both countries. We need to resolve the issues that still remain, so we can reap the rewards of the work that both governments have done."
She added: "We are looking forward to India ratifying the convention on supplementary compensation before the end of this year. Liability regime that India adopts by law fully conforms with international requirements under the convention."
According to the joint statement issued by the two sides after Tuesday's meeting, the two leaders welcomed the continued commitment of the two governments for full implementation of the India-U.S. civil nuclear energy cooperation agreement.
They reiterated their commitment to build strong India - U.S. civil nuclear energy cooperation through the participation of U.S. nuclear energy firms in India on the basis of mutually acceptable technical and commercial terms and conditions that enable a viable tariff regime for electricity generated.
They noted that the United States has ratified the Convention on Supplementary Compensation (CSC) and India intends to ratify the CSC within this year. They further noted that India is committed to ensuring a level playing field for U.S. companies seeking to enter the Indian nuclear energy sector, consistent with India's national and international legal obligations.
According to the joint statement, the United States said that looked forward to hosting a senior-level Indian delegation at the U.S.-India Civil Nuclear Energy Working Group (CNEWG) next week at Oak Ridge Laboratory.
Both sides also expressed satisfaction with the progress they had achieved together towards India's full membership of the four multilateral export control regimes - Nuclear Suppliers Group, Missile Technology Control Regime, Australia Group and the Wassennaar Arrangement - in a phased manner consistent with the core principles of these regimes, as the Government of India takes steps towards the full adoption of the regimes' export control requirements.
On the issue of nuclear security, the two sides looked forward to holding later this year the first meeting of the U.S.-India Joint Working Group to implement the MOU on Cooperation with India's Global Centre for Nuclear Energy Partnerships. (ANI)