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Thursday, October 1, 1998 |
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OTTAWA, Sept 30 (Reuters) Finance Minister Yashwant Sinha has said the possible waiving of US sanctions imposed after Indias nuclear tests would give an immediate boost to business sentiment. But Canadian Foreign Minister Lloyd Axworthy said he opposed any relaxation of sanctions by his country until India made clear commitment on its nuclear programme. A House-Senate panel in Washington voted on Monday to give President Bill Clinton discretion to issue a one-year waiver of sanctions on India and Pakistan in the hopes that it would bring greater US leverage in the Indian subcontinent. "I think its a very positive development," the Indian Finance Minister said yesterday, ahead of a Commonwealth Finance Ministers meeting. Mr Sinha said the US sanctions had had only a limited impact. "But even that limited impact was bad from the point of view of business sentiment, and I think the most important thing which is going to happen as the result of the lifting of sanctions is that it will immediately boost business sentiment both in the USA as well as in India," he said. But Mr Axworthy, speaking
to mediapersons in Ottawa yesterday, said India had to go
beyond signing the comprehensive test ban treaty (CTBT).
"Thats just one of the elements," he
said. |
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