A new agreement for co-operation between France and the Gabonese Republic was signed on Tuesday (12 February) in Paris.
A new agreement for co-operation between France and the Gabonese Republic was signed on Tuesday (12 February) in Paris. The French state Secretary for Co-operation, Mr. Jean Francois Deniau, signed on behalf of the French Government, and the Gabonese Foreign Minister, Mr. Georges Rawiri, signed the document on behalf of his Government. The ceremony took place at the Gaboness Embassy in the French Capital.
The leader of the Gabonese Republic, President Albert Bernard Bongo, was also in the French capital as the signing ceremony was taking place. He had arrived in France on 6 February on a ten-day visit during which he has been having talks with president Georges Pompidou.
On his arrival, President Bongo had said that under the new agreement the uranium and manganese produced by his country would no longer be regarded an "strategic materials". They would be considered as commercial products.
In fact the agreement means that from now on France will be paying the Gabonese making price for uranium, in order to boost her imports of Gabonese oil. Much of the Gabonese uranium is mined by the French Atomic Energy Authority and other French consortia, but under the new agreement France will have to pay twice the price they have been paying up till now. Ironically, France is not short of uranium, but she is short of oil. The new Gabonese price for uranium will be introduced from 1 March.