Energy Secretary Raphael Lotilla on Tuesday welcomed the entry into force of the Agreement for Cooperation Concerning Peaceful Uses of Nuclear Energy or the 123 Agreement on July 2, 2024.
The agreement was signed by the United States and the Philippines in San Francisco, United States of America (USA) on Nov. 16, 2023.
Lotilla said the agreement provides for the safe and secure use of nuclear energy for peaceful purposes, for information, knowledge and technology exchange related to nuclear safety, security, and non-proliferation. It aims to facilitate Philippine-US cooperation for the transfer of information, nuclear material, equipment and components taking into full account the standards and safeguards set by the International Atomic Energy Agency (IAEA), as well as in accordance with their respective national laws, international agreements and regulations.
Lotilla said the Department of Foreign Affairs informed the US on June 26, 2024 that the Philippines has completed its domestic requirements for the agreement’s entry into force. “The Nuclear Energy Program-Inter-Agency Committee [NEP-IAC] is now finalizing the country’s nuclear energy program roadmap which outlines key targets that must be achieved for the successful use of nuclear energy for power generation,” he said.
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