Armenia and the UAE to sign an agreement on "Collaboration<br /> for use of atomic energy for peaceful purposes"<br /> for use of atomic energy for peaceful purposes"
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Armenia and the UAE to sign an agreement on "Collaboration
for use of atomic energy for peaceful purposes"

  • 15-05-2010 12:00:00   | Armenia  |  Economy
YEREVAN, 15 MAY, NOYAN TAPAN: During its May 13 session, the Armenian government gave consent to the signing of an agreement between Armenia and the United Arab Emirates on "Collaboration for the use of atomic energy for peaceful purposes". As RA Minister of Energy and Natural Resources Armen Movsisyan noted, the proposal to sign an agreement in the sphere of atomic energy studies was presented by the UAE Minister of Foreign Affairs during the visit to the UAE by the Armenian delegation headed by RA Deputy Prime Minister Armen Gevorgyan on 2010 January 17-20. According to Movsisyan, the governments of Armenia and the UAE attach importance to the use of atomic energy for peaceful purposes. It will assist in the multifaceted development of economy, as well as contribute to advanced developments of science and technology, the introduction of leading technologies and provide the opportunity to preserve natural resources for organic fuel. The signing of the agreement envisages that the collaboration between both countries in the atomic energy sphere will serve for the use of atomic energy only for peaceful purposes and not for the creation of nuclear weapons, other nuclear explosive devices or for achieving other strategic goals. The agreement regulates the conditions for investments being made within the framework of trade relations and bilateral assistance projects throughout the collaboration, as well as issues related to the defense and distribution of rights to intellectual ownership and transit transfers of nuclear materials through the territories of the states.
  -   Economy