Sun, Dec 22, 2013 - Page 3 News List

Taiwan and US finalize nuclear fuel agreement

ALL IN AGREEMENT:With the existing 1972 deal expiring in June next year, the new pact will come into effect and remain indefinitely, unless a significant incident occurs

Staff writer, with CNA, WASHINGTON

Taiwan finalized an agreement with the US on Friday to ensure supplies of nuclear fuel and facilities for the nation’s power plants.

The new agreement, signed between the Taipei Economic and Cultural Representative Office in the US and the American Institute in Taiwan, is to replace the 1972 pact between the two countries, which was amended in 1974 and will expire on June 22 next year.

Taiwan’s representative to the US King Pu-tsung (金溥聰) said Taiwan and the US take their cooperation on the peaceful use of nuclear energy seriously.

Friday’s agreement, which took a year to negotiate, is to take effect once it is approved by legislators in both countries, the representative office said.

Once approved, the agreement is to remain in effect indefinitely unless a significant incident occurs, the office said.

Other Asian countries, including South Korea and Vietnam, are in the process of finalizing similar agreements with the US.

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