US, Philippines Sign Nuclear Cooperation Agreement
The landmark agreement will allow the transfer of nuclear equipment, material, and information from the United States to the Philippines.
MANILA - The United States has signed a nuclear cooperation agreement with the Philippines known as the "123 agreement", or the "Agreement for Cooperation Concerning Peaceful Uses of Nuclear Energy" at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco as the two countries continue to work toward modernizing their alliance, enhancing interoperability, and "addressing new and emerging challenges".
The landmark agreement will allow the transfer of nuclear equipment, material, and information from the United States to the Philippines and will allow the country to retire its coal plants in favor of nuclear power.
