India plays key role in ITER pact
According to the new agreement all parties will enjoy tax free benefits in areas such as customs duties and VAT.Updated: Feb 14, 2006 10:48 IST
India has played a key role in arriving at a technical level agreement on International Thermo Nuclear Experimental Reactor (ITER) project at a meeting in Barcelona last week.
"India, which joined the ITER group last year, did a marvellous job in helping us to reach the consensus we needed to have," Didier Gambier, EU Chairman of the Technical team told 'India News in Europe' programme in Brussels.
According to the new agreement, among other provisions, all seven parties will enjoy tax free benefits in areas such as customs duties and VAT.
The Indian representative that attended the meeting made substantial suggestions regarding implementation of privileges and immunities, Gambier said adding, India's accession has added "flexibility" to the project.
The week-end discussions which were mainly of technical nature reached a "key compromise" from the legal perspective of privileges and immunities available to each country.
"The negotiations bring all parties with different cultures together in that they all provide the same level of privileges and immunity as in Europe. From a technical perspective, this erases all questions of ITER."
All six ITER participants - Japan, China, India, EU, Canada and Korea - except for the US will adhere to the same privilege and immunity agreements as discussed.
First Published: Feb 14, 2006 10:12 IST