April 15, 2015

Saskatchewan strikes big with India trade deal

Brian LilleyRebel Co-Founder

India and Canada signed several agreements Wednesday aimed at increasing trade and co-operation between the two countries, but the biggest one for both countries involves the sale of uranium for nuclear energy.

Canada has been inching towards a free trade deal with India over the last several years.

During an official visit to Ottawa by Indian Prime Minister Narendra Modi, agreements were signed dealing with transport, space exploration, social security and maternal and newborn health.

An agreement with Cameco, one of the largest producers of uranium in the world, will have long term effects for Canadian jobs and Indian living standards.

India’s Department of Atomic Energy has pledged to purchase 7.1 million pounds of uranium from Cameco through 2020.

While the deal is small compared to Cameco’s annual sale of 30 million pounds of uranium, it is the first deal between a Canadian uranium producer and India’s nuclear industry.

“We think this contract is the first of many more to come,” Cameco president and CEO Tim Gitzel told The Rebel. “We see India as a huge growth market.”

Gitzel pointed out that 400 million people in India do not have access to electricity, something Prime Minister Modi is working to remedy.

Saskatchewan Premier Brad Wall called the signing of the deal with India a good day for Saskatchewan and a good day for Canada.

“It’s a big, big announcement for us today,” Wall told The Rebel.

Wall said with uranium really only being found in Saskatchewan, other prime ministers have not made finding new markets for the product a priority but he praised Prime Minster Harper for stepping up.

Beyond uranium, Wall pointed out that India is a huge market for many of Saskatchewan’s products.

“Out of all of Canada’s exports to India, our province, three percent of the population, accounts for 35 percent,” Wall said.

Currently pulse crops such as lentils and chickpeas along with potash for fertilizer are big exports from Saskatchewan to the emerging economy.

Wall said trade deals with places like India might be overlooked in central Canada but are very important to his province.

“When you do a deal with an emerging economy, what are the things that those economies prize? Well for the most part energy security and food security,” Wall said. “That’s good for Canada, because we’re good at food and good at energy.”

Wall agreed that while the deal with Cameco isn’t going to boost business too much today, it will provide stability for jobs and promises to lead to more economic opportunity in the future.

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commented 2015-04-19 22:55:38 -0400
Thanks for the story. This is great news for me as I work in the Saskatchewan uranium industry. I have been there for almost ten years and this will secure my work for another twenty at least. Thanks for this and all of your reports. It is nice to be able to read an article and get all sides of a story. Cheers to you and the rest of the rebel team.
commented 2015-04-16 23:04:46 -0400
Good story Brian.
We do need some good news now and then.
I see it as a way for Saskatchewan to prosper and contribute even more to
Transfer Payments/welfare for the laggards in the country, and compete with
bitumen and wheat for scarce rolling stock.
commented 2015-04-16 20:25:51 -0400
Just goes to show you what good common sense will lead to. Many kudos to Premier Brad Wall for turning his have not province into one of the most successful in Canada. Kudos also to our Prime Minister who has vision and saw what this resource could mean for Canada, which in turn led to this deal signing with India. That is the difference between PM Harper and Justin Trudeau.
commented 2015-04-16 07:53:42 -0400
Rebel.Media just outclasses the socialist lamestream media – and in such a short period of time.
God bless the internet.
commented 2015-04-15 22:55:29 -0400
Awesome double shot! Very informative.
commented 2015-04-15 22:23:43 -0400
Sask. used to be a province people moved out of, and not that long ago. What a turn around! Brad Wall is without a doubt the only premier in this country today who is online with what makes Canada strong. Harper absolutely gets kudos( for facilitating what will be good for the province of Sask. as well as all of Canada.) Gives me a glimmer of hope.
commented 2015-04-15 22:09:28 -0400
Tax cuts = Investment and job growth. Obviously a concept foreign to a liberal.
commented 2015-04-15 21:54:46 -0400
" I bet there is a lot of union folks wondering why they supported the libs."

Well maybe, but I question whether they grasp the implication of supporting the Wynn Lieberals yet. I know a couple of people that live in Ontario that would still vote Liberal even if they literally burned the province to the ground . . . which I guess is not far from what they are doing now.
commented 2015-04-15 19:51:10 -0400
West is open to business and find ways to support it, positive focused personal energy, compared to the east and their ideals of will it protect our gov’t pensions and lofty personal ideals. Ontario losing more jobs because of personal agenda’s that hurt business, I bet there is a lot of union folks wondering why they supported the libs.
commented 2015-04-15 19:32:32 -0400
Way to go Harper! And way to go Brad Wall! The two best politicians in the country!
commented 2015-04-15 18:58:45 -0400
I was trying to find a report here about the U.S./Saudi purchase of the Canadian Wheat Board. What is that about? It doesn’t sound good. Can some knowledgeable wheat farmers comment? (Good for Sask. and the possible sale of uranium.)
commented 2015-04-15 18:37:20 -0400
Mike Romanick, that is because Saskatchewan’s premier is working for his province, whereas Ontario’s premier is working for her own agenda.
commented 2015-04-15 18:22:39 -0400
How refreshing listening to Premier Brad Wall compared with cap-trade, er, cap-and-trade, Premier Kathleen Wynne!
commented 2015-04-15 18:12:57 -0400
WOW ! A Premier that actually praises Stephen Harper. We don’t see like dat here in Ontario.
commented 2015-04-15 18:07:27 -0400
Great news for Canada and Canadians. This is just the beginning Indians and Canadians have a long history together and I’m glad that Stephen Harper knows this. History will mark Harper as one of Canada’s great Prime Ministers check back in 50 years or 5 years if JT gets in.
commented 2015-04-15 18:05:26 -0400
Well done! Kudos to Harper aswell.