AGREEMENT BETWEEN THE EUROPEAN ATOMIC ENERGY COMMUNITY AND THE KOREAN PENINSULA ENERGY DEVELOPMENT ORGANISATION
ANNEXSupplementary provisions
Open ↗ANNEX AGREEMENT BETWEEN THE EUROPEAN ATOMIC ENERGY COMMUNITY AND THE KOREAN PENINSULA ENERGY DEVELOPMENT ORGANISATION THE EUROPEAN ATOMIC ENERGY COMMUNITY, Hereinafter referred to as “the Community”, and THE KOREAN PENINSULA ENERGY DEVELOPMENT ORGANISATION, Hereinafter referred to as “KEDO”, Whereas: 1. KEDO was established pursuant to the Agreement of 9 March 1995 on the Establishment of the Korean Peninsula Energy Development Organization, as amended on 19 September 1997, between the Governments of the Republic of Korea, Japan and the United States of America; 2. The eighth Agreement concluded between the Community and KEDO expired on 31 May 2021; 3. After its decision to terminate KEDO's nuclear light water reactor project and the 2007 decision to fulfil the responsibilities of the Secretariat with a greatly reduced staff and minimal office facilities, KEDO's Executive Board decided in 2021 to continue KEDO beyond 31 May 2021; 4. Both the Community and KEDO have expressed the wish to continue their cooperation with the objective of implementing the termination of the Light Water Reactor project and an orderly winding up of KEDO; 5. After 31 May 2021, the Agreement was automatically renewed annually. It is therefore necessary to provide for a retroactive application of the Agreement. The Agreement should be in force until 31 May 2024. HAVE AGREED AS FOLLOWS: Article 1 Application of the provisions of the previous Agreement Unless otherwise specified in one of the articles here below, the provisions of the previous Agreement between the Community and KEDO, which expired on 31 May 2021, shall remain applicable under this Agreement. Article 2 Community contribution There shall be no financial contribution from the Community to KEDO's budget under this Agreement. Article 3 Duration This Agreement shall be in force until 31 May 2024. Article 4 Entry into force This Agreement shall enter into force upon signature by the Community and KEDO and shall take effect retroactively 1 June 2021. Done at Brussels this… day of… 2023, in two originals For the European Atomic Energy Community Done at New York this… day of… 2023, in two originals For the Korean Peninsula Energy Development Organisation