PH, US to sign breakthrough ‘123 nuclear deal’
SAN FRANCISCO — The Philippines and the United States will sign at least four agreements, including the “123 nuclear deal” with Washington or the “peaceful nuclear cooperation agreement.”
In his speech before the Filipino community at the South San Francisco Conference Center on Wednesday morning (Philippine time), President Ferdinand Marcos Jr. said he would witness the signing of agreements with various American businesses in the fields of digital infrastructure and connectivity, renewable energy, electronics manufacturing, health and tourism among others.
Philippine Ambassador to the US Jose Manuel Romualdez confirmed in a Viber message that Washington and Manila would sign the breakthrough deal.
The “123 Agreement” is a US deal with its allies for nuclear energy cooperation, which will provide the legal basis for civil nuclear energy cooperation and allow the export of nuclear fuel, reactors, equipment and special nuclear material from the US to the Philippines.
READ: New US envoy to PH assures Marcos on defense, clean energy
US Ambassador to the Philippines MaryKay Carlson earlier said there were a number of American nuclear technology firms “who would be very interested in investing” in the Philippines but were hesitant due to absence of the 123 agreement.