Current Affairs December 2012

International Current Affairs

First economic dialogue between India, Japan
To impart a renewed momentum in order to grow and flourish new ties and to resolve issues relating to civil nuclear issues, India and Japan are going to hold their first economic dialogue and sixth strategic talks. The two dialogues will be co-chaired by our external Affairs Minister along with his Japanese counterpart Koichiro Gemba, who will be on a two day visit to the National Capital.
The dialogues are slated to be centred on range of bilateral and global issues. These issues include the prospects of civil nuclear cooperation, maritime security and the evolving East Asia regional security architecture.

Russia to build two more nuclear reactors in China
Nuclear countries Russia and China have cemented their nuclear cooperation leading the Russian capital to build two more reactors in the Chinese soil.
Earlier also Russia helped China in building two reactors in the Taiwan nuclear plant in Jiangsu province. Those two reactors went into operation in the year 2007 as said by the Sergey Sergeevich Razov, Moscow's envoy.
The two reactors being built have a combined capacity of 2,000 mw and are using Russia's VVER 1000 nuclear model.
r> Russia will build the two reactors in Taiwan after the Chinese government lifts its suspension on the new atomic power plants imposed after the nuclear disaster in Japan last year.

China set to take over reins of Pakistan's Gwadar port
China appears all set to take over the reins of Pakistan's strategic Gwadar port in Balochistan, with the Singapore Port Authority (SPA) and its partners intending to pull out of a 40yr old management and development contract.
The SPA and its partners, the National Logistics cell and AKD Group, have been allowed to quit the project to transfer 584acres at the mouth of the port that are currently in possession of Pakistan Navy.
"We have not been able to meet the contractual obligations and resolve land issues. As a result, they (SPA and its partners) have gone under duress and we issued them no objection certificate to give up their contract," ports and shipping minister Babar Khan Ghauri told a meeting of senate's standing committee on ports and shipping.