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Thursday, May 16, 2013

Australia, Sweden sign agreement on submarine technology

HMAS Collins |Australia and Sweden have achieved a "significant milestone agreement" relating to Intellectual Property rights for submarine design and technology, Defence Minister Stephen Smith said Thursday.

The agreement followed extensive negotiations between Australia's Defence Materiel Organisation and the Swedish Defence Materiel Administration, Smith said in a statement issued jointly with Sweden's Minister for Defence Karin Enstrom, reported Xinhua.

"This agreement gives effect to Australia's rights to use and disclose Swedish Intellectual Property rights for complex submarine design and technology," Smith said.

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