Australian Prime Minister Tony Abbott’s visit to India last week highlighted the two countries’ increasingly complementary geoeconomic objectives. The visit saw the conclusion of a much-delayed bilateral civil nuclear cooperation agreement that paves the way for uranium exports from Australia’s high-quality mines to fuel India’s ambitious nuclear energy plans. While in value terms future Australian uranium exports may not seem like much, they will actually enable India to undertake its next wave of industrialization in a more carbon-competitive manner, and that in turn will fuel massive demand for other Australian mineral exports. The strategic nature of the India-Australia alignment is […]