NAM hails Congressional vote to advance nuclear technology.
Press Release Summary:
According to NAM, 86-13 U.S. Senate vote in favor of agreement to permit trade of civilian nuclear technology between U.S. and India is a welcome sign of strong, bipartisan congressional support for advancing nuclear technology. NAM President, John Engler said agreement will foster international cooperation to combat nuclear proliferation. Engler also noted that agreement has support of both International Atomic Energy Agency and Nuclear Suppliers Group.
Original Press Release:
NAM Hails Congressional Vote To Advance Nuclear Technology
Agreement Allows Trade of Civilian Nuclear Technology Between United States And India
WASHINGTON, D.C., Oct. 2, 2008 - The National Association of Manufacturers (NAM) called yesterday's 86-13 U.S. Senate vote in favor of an agreement to permit trade of civilian nuclear technology between the United States and India, "a welcome sign of strong, bipartisan congressional support for advancing nuclear technology," and looks forward to the President signing the act into law. The U.S. House of Representatives had passed the U.S.-India Civilian Nuclear Cooperation Agreement (H.R. 7081) by a 298-117 vote on Saturday.
"This landmark agreement with India is vital to meeting the world's growing demand for energy," said NAM President John Engler. "We applaud the bipartisan congressional majority that ratified this agreement which was carefully negotiated over several years with strong leadership from the U.S. government," he said.
"This agreement offers many benefits for the U.S. and Indian economies, relations between our two nations and the global supply of clean energy. It will also foster international cooperation to combat nuclear proliferation," he continued.
Engler noted that the agreement has the support of the International Atomic Energy Agency (IAEA) and the Nuclear Suppliers Group (NSG), two international nuclear watchdog agencies and that India plans to invest $150 billion in its nuclear energy development up to 2030. "We expect India to become a huge export market and commercial partner for the U.S. nuclear industry as it has in many other sectors in recent years," Engler concluded.
The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's award-winning web site at www.nam.org for more information about manufacturing and the economy.
CONTACTS:
LAURA NARVAIZ (202) 637-3104
ALEXIS BAYER (202) 637-3174
