Australia and India have signed a landmark agreement allowing the export of Australian uranium to India for peaceful nuclear energy production, marking a significant step in strengthening bilateral ties.
The agreement was announced on Thursday following talks between Indian Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese in Melbourne.
Speaking after the meeting, Modi described the deal as a major milestone that would accelerate India's clean energy ambitions by enabling long-term uranium imports from Australia.
According to a joint statement, all uranium exports under the agreement will be used exclusively for peaceful purposes and will remain under the safeguards of the International Atomic Energy Agency (IAEA).
India has been seeking greater access to Australia's vast uranium reserves to support its goal of achieving 100 gigawatts of nuclear energy capacity by 2047, while Australia aims to expand trade partnerships beyond its heavy dependence on China.
In addition to the uranium agreement, both countries agreed to deepen defence cooperation, strengthen critical minerals supply chains, and establish a temporary space-tracking facility on Australia's Cocos (Keeling) Islands to support India's space missions.
Prime Minister Albanese praised Modi's leadership, saying it has played a key role in transforming Australia-India relations in recent years.
India is currently Australia's fifth-largest trading partner, with bilateral trade in goods and services reaching A$54.4 billion (US$37.7 billion) during the 2024–2025 financial year.
Modi arrived in Australia after a visit to Indonesia and is expected to travel to New Zealand before returning to India.
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