Australian opposition Liberal party running neck to neck in the race for forming the new government has said it favours uranium exports and greater engagement with India, if elected to power. Cautioning against over-reliance on China, which is currently Australia's biggest trading partner, the Liberal party leader Tony Abbott said he also favours resuming a Free Trade Agreement and greater defence co-operation with New Delhi.Abbot charged that the ruling Labour government mishandled relations with India.While in a poll warm-up television clash with Foreign Minister Stephen Smith, the shadow Liberal minister, Julie Bishop announced that her party will reinstate the in-principle decision to sell uranium to India as well as resume the Free Trade Agreement.Australia has 40 per cent of the world's uranium reserves.