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EU to sign nuclear energy cooperation agreement with Japan

IRNA - Islamic Republic News Agency

Brussels, Oct 6, IRNA -- The European Commission Wednesday said it 
will recommend to the EU Council to conclude an agreement on the 
peaceful uses of nuclear energy between Euratom -- the organization 
responsible for development of EU`s nuclear energy resources -- and 
Japan. 
The agreement would complete the series of agreements existing 
between the three main users of nuclear energy, namely, Europe, the 
USA and Japan, said a Commission statement. 
The agreement will provide a stable framework for the development 
of nuclear trade between the two sides and for reinforced cooperation 
in other areas of common interest, such as research into nuclear 
fission and radio protection. 
The cooperation agreement with Japan on the peaceful uses of 
nuclear energy is of particular interest for the EU since it is the 
first to be negotiated with a country that is one of the main clients 
of the European nuclear industry. 
The agreement lays down the basis for a strong commercial 
relationship between the parties estimated at tens of billions of 
euros for the duration of the agreement. 
The agreement runs initially for 30 years (with the possibility 
of automatic extension for five-year periods). 
The agreement is supplemented by a separate agreement for 
cooperation in the field of nuclear research and development to be 
concluded for an initial period of 10 years. 
The Council will now examine the Commission`s recommendation 
with a view to finalizing the agreement. 
The Commission is the executive body of the 25-member EU while 
the Council is the representative body of the governments. 
NK/2321/1432