The US State Department announced Tuesday that the Agreement for Cooperation in Peaceful Uses of Nuclear Energy, or 123 Agreement, between the United States and the Philippines entered into force on July 2, 2024.
The agreement will enhance cooperation on clean energy and energy security, strengthening long-term diplomatic and economic ties between the two countries. Signed in November 2023, it provides the legal framework for potential nuclear power projects with U.S. providers.
It aims to facilitate safe and secure use of nuclear energy, adhering to standards and safeguards set by the International Atomic Energy Agency (IAEA) and complying with respective national laws, international agreements, and regulations.
“Energy security is a critical global challenge requiring collaboration,” the statement said. “Together, the United States and the Philippines can make a significant contribution to our shared clean energy goals.”
The State Department highlighted nuclear energy’s potential to achieve climate change and energy security targets. They expressed interest in exploring new avenues of cooperation with the Philippines in civil nuclear energy and other clean energy initiatives.
“This agreement builds on nearly 80 years of peaceful nuclear cooperation and establishes a framework for continued US civil nuclear trade with the Philippines,” the statement said. “It’s part of broader US efforts to develop the Philippines’ civil nuclear sector, which requires a skilled workforce, robust regulations, and strong commercial partnerships.”
The US government pledged commitment to working with the Philippines on these areas to further strengthen the partnership.
The agreement allows for the transfer of information, nuclear material, equipment and components directly between the two countries or through authorized persons. This will support potential nuclear power projects with U.S. providers and streamline licensing requirements for private sector investments in nuclear-related intangible transfers of technology (ITT).
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