CELEX: 22019A1126(02)
Language: en
Date: 2019-10-30 00:00:00
Title: Agreement between the European Atomic Energy Community and the Korean Peninsula Energy Development Organisation

26.11.2019   
               
               
                  EN
               
               
                  Official Journal of the European Union
               
               
                  L 304/5
               
            
         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 Organisation, as amended on 19 September 1997, between the Governments of the Republic of Korea, Japan and the United States of America;
                  
               
                     (2)
                  
                  
                     The Agreement concluded between the Community and KEDO expired on 31 May 2018;
                  
               
                     (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 2018 to continue KEDO beyond 31 May 2018;
                  
               
                     (4)
                  
                  
                     Both the Community and KEDO have expressed the wish to continue their cooperation with the objective of implementing the termination of the LWR project and an orderly winding up of KEDO;
                  
               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 2018, 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 will expire on 31 May 2019. It will be automatically renewed each year for a period of another year, unless a party notifies the other party that it wishes to terminate the Agreement at least one month before the date of expiry. It may also be terminated with immediate effect after withdrawal from KEDO by any of the other Members currently represented in the Executive Board. This Agreement will not be renewed beyond 31 May 2021.
         
         
            Article 4
            Entry into force
            This Agreement shall enter into force upon signature by the Community and KEDO and will retroactively take effect from 1 June 2018.
         
         
            Done at Brussels on the twenty-fourth day of October in the year two thousand and nineteen, in two originals
            
               
                  For the European Atomic Energy Community
               
               Ditte JUUL-JØRGENSEN
            
            Done at New York on the thirtieth day of October in the year two thousand and nineteen, in two originals
            
               
                  For the Korean Peninsula Energy Development Organisation
               
               David WALLACE