Canada and UAE conclude nuclear cooperation deal
Agreement will allow for increased cooperation on nuclear project
The UAE and Canada have signed a nuclear cooperation agreement (NCA) in Ottawa, Canada; a deal that will allow for much closer cooperation between the two countries as the UAE pushes ahead with its nuclear development in Abu Dhabi. HH Sheikh Abdullah bin Zayed Al Nahyan and Canada’s Foreign Affairs minister John Baird were present at the signing ceremony.
“This pact is testimony to bilateral ties that are strong and getting ever stronger. Our access to the UAE’s civilian nuclear energy market will create business opportunities and help to create jobs for Canadians, while ensuring that Canadian-supplied nuclear items are used for peaceful, civilian purposes,” said Baird on the agreement.
The UAE is already Canada’s largest export market in the Middle East, and this new agreement will ensure that exports of nuclear materials will remain secure. Canada’s nuclear industry currently employs 21,000 people, and exports around US $1 billion of uranium per year.
“Canada can help the UAE meet its growing energy needs. This agreement provides a number of opportunities for our countries to work together as strategic partners, and for Canadian companies to offer the full array of their equipment, services and uranium supply to the UAE’s civilian nuclear market,” Baird added.
The Emirates Nuclear Energy Corporation (ENEC), back in August, announced that it had agreed six contracts – worth a combined $3 billion – for the supply of nuclear fuel and supplies. Contracts were set to run for a period of 15 years, starting in 2017, and included companies such as Rio Tinto, URENCO and ConverDyn.