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04. NEWSMAKERS |
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U. S - India
Peaceful Atomic Energy Cooperation Act (FACTS) |
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"
This Act Is An Important Step That Will Help Allow US To Share Civilian
Nuclear Technology And Bring India's Civilian Nuclear Programme Under
The Safeguards Of The International Atomic Energy Agency.
• On his visit to India earlier this year, President Bush reached
an historic agreement with Prime Minister of India Mr. Manmohan Singh,
under which the United States and India committed to take a series
of steps to make nuclear cooperation a reality. The bill the President
signed is one of the most important of these steps. Nuclear cooperation
will help the people of India produce more of their energy from clean,
safe civilian nuclear power, help both our economies grow, and make
America more secure.
• America And India Are United By Deeply Held Values. The two
great democracies are allies in the War on Terror, partners in global
trade, and stewards of our environment. India is a democracy that
protects the rule of law and is accountable to its people, and an
open society that defends freedom of speech and freedom of religion.
• The United States And India Are Working Together To Expand
Economic Opportunities In Both the Countries. India's economy has
more than doubled in size since 1991, and it is one of the fastest-growing
markets for American exports. This trade is creating new jobs in America
and raising the standard of living for millions throughout India.
America will continue to work with India to promote free and fair
trade - and fuel economic growth in both countries.
The United States-India Peaceful Atomic Energy
Cooperation Act Will Help America Achieve Four Key Goals
1. This Act Will Help Strengthen Cooperation Between India And The
United States On Energy, One Of The Most Important Challenges Of The
21st Century. India is now the world's fifth largest consumer of energy,
and its demand for electricity is expected almost to double by 2015.
The United States has a clear interest in helping India meet this
demand with nuclear energy. By helping India expand its use of safe,
clean nuclear energy, this Act lays the foundation for a new strategic
partnership between our two nations that will help ease India's demands
for fossil fuels and ease pressure on global markets.
2. This Act Will Help Promote Economic Growth. This Act helps open
an important new market for American businesses by paving the way
for investment in India's civilian nuclear industry for the first
time. This new trade will help American companies gain new customers
abroad and create new jobs here at home.
3. This Act Will Help Make It Possible For India To Reduce Emissions
And Improve Its Environment. Today, India produces nearly 70 percent
of its electricity from coal. Burning coal produces air pollution
and greenhouse gases, but nuclear power can generate massive amounts
of electricity without producing any air pollution or greenhouse gases.
By sharing advanced civilian nuclear technology, we will help India
meet its growing demand for energy and lower emissions at the same
time.
4. This Act Will Help Keep America Safe By Paving The Way For India
To Join The Global Effort To Stop The Spread Of Nuclear Weapons. India
has conducted its civilian nuclear energy program in a safe and responsible
way for decades. Now, in return for access to American technology,
India has agreed to open its civilian nuclear power program to international
inspection. After 30 years outside the system, India will now operate
its civilian nuclear energy program under internationally accepted
guidelines, and the world will be safer as a result. |
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