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Taiwan, US sign nuclear energy accord

WASHINGTON--Taiwan sealed a deal Friday with the United States to ensure supplies of nuclear fuel and facilities for the island's power plants.

The new agreement, signed between the Taipei Economic and Cultural Representative Office in the U.S. and the American Institute in Taiwan, will replace the pact the two countries had inked in 1972, which was amended in 1974 and will expire June 22, 2014.

Taiwan and the U.S. take their cooperation on the peaceful use of nuclear energy seriously, according to King Pu-tsung, the Republic of China's representative to the U.S.

Friday's agreement, which took a year to negotiate, is just the start of such partnership and will not take effect until it is approved by lawmakers in both countries, the representative office said.

Once it is given the green light, the agreement will remain in effect indefinitely unless some significant incident occurs, the office said.

Other Asian countries such as South Korea and Vietnam are also hammering out similar pacts with the U.S.

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