India-US complete civil nuclear agreement, 123 agreement finalized
This joint statement announces that the United States and India have completed negotiations on a bilateral agreement for peaceful nuclear cooperation, known as the '123 agreement.' The agreement is designed to govern civil nuclear trade and allow American and Indian firms to participate in each other's civil nuclear energy sectors.
The agreement involves the United States and India, specifically affecting American and Indian firms in the civil nuclear energy sector. It also involves the International Atomic Energy Agency (IAEA) and the Nuclear Suppliers Group (NSG).
- Completion of negotiations on the bilateral agreement for peaceful nuclear cooperation ('123 agreement').
- Agreement to govern civil nuclear trade between the two countries.
- Opening of the civil nuclear energy sector for participation by American and Indian firms.
- Next steps include India negotiating a safeguards agreement with the IAEA.
- Next steps include securing support for nuclear trade with India from the 45-member Nuclear Suppliers Group.
- Following the above steps, President Bush will submit the agreement text to the U.S. Congress for final approval.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Agreement
27 July, 2007
Document details
| Official title | Joint Statement by Shri Pranab Mukherjee, Minister for External Affairs and Dr. Condoleezza Rice, US Secretary of State - India and United States Complete Civil Nuclear Negotiations |
| Source body | Ministry of External Affairs — bilateral & trade documents |
| Reference number | 5585 |
| Status | closed (agreement) |
| Year | 2007 |
| Closing date | 27 July, 2007 |
| Documents | 1 |