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India releases text of India-US civil nuclear agreement |
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10:17, August 04, 2007 |
The Ministry of External Affairs of India released the text of the India-U.S. agreement on civil nuclear cooperation on Friday.
The 22-page agreement says India and the United States will engage in full civil nuclear cooperation activities covering nuclear reactors and aspects of the associated nuclear fuel cycle including technology transfer on an industrial or commercial scale between the governments or authorized persons.
Under the agreement, India can develop strategic reserve of nuclear fuel to guard against any disruption of supply over the lifetime of its reactors. The United States is committed to engage with the Nuclear Suppliers Group to help India obtain full access to the international fuel market. And the United States will join India in seeking to negotiate with the International Atomic Energy Agency an India-specific fuel supply agreement.
It also mentioned that the United States will have the right to seek return of nuclear fuel and technology but it will compensate India promptly for the "fair market value thereof" and the costs incurred as a consequence of such removal.
The civil nuclear deal will remain in force for a 40-year period and can be extended by an additional 10 years.
The agreement includes some other clauses concerning environmental protection and IAEA safeguards.
Source: Xinhua
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