ITA Hosts 7th Annual U.S. Industry Program At the International Atomic Energy Agency for U.S. Civil Nuclear Industry DelegationOctober 16, 2014
Chandra Brown is the Deputy Assistant Secretary of Commerce for Manufacturing.
The Department of Commerce estimates the global civil nuclear market to be worth $500-740 billion over the next ten years, meaning there are significant export opportunities for U.S. companies.
That’s why our team at the U.S. Department of Commerce’s International Trade Administration (ITA) organized the 7th Annual U.S. Industry Program at the International Atomic Energy Agency (IAEA) General Conference in Vienna, Austria.
This program helps U.S. civil nuclear companies and organizations from across the supply chain to showcase their world-class technology to key foreign government decision makers and energy policymakers from around the world. U.S. companies are the global leaders in the field, and this event gives them the chance to prove it.
Chandra Brown, Deputy Assistant Secretary for Manufacturing in ITA’s Industry & Analysis (I&A) unit, led the U.S. industry delegation for the second consecutive year.
The event featured a delegation of 47 representatives from 25 leading U.S. civil nuclear technology and service providers. The program received strong support from the U.S. Departments of State and Energy, the National Security Council, and the U.S. Export-Import Bank.
Some of the program highlights included:
- Fifteen meetings with foreign government delegations from top target markets, including China, the UAE, Saudi Arabia and Japan;
- A Roundtable dialogue with U.S. policymakers, led by Secretary of Energy Ernest Moniz, Nuclear Regulatory Commission Chairman Allison Macfarlane, and White House Director for Nuclear Energy Policy Joyce Connery;
- A U.S. exhibit where foreign delegates could learn more about the participating U.S. companies;
- Over 90 one-on-one meetings with CS staff from ten top markets brought to Vienna specifically for the event.
The event occurred just before a recently announced milestone in U.S. civil nuclear trade – the October 3rd announcement that the U.S.-Vietnam agreement on civilian nuclear energy cooperation (123 Agreement) has entered into force. This agreement enables bilateral commercial nuclear trade between the U.S. and Vietnam and will help U.S. industry to gain greater access to a market worth as much as $20 billion dollars.
The U.S. Industry Program at the IAEA has become a flagship ITA event and enables the U.S. Government and U.S. industry to engage in a coordinated manner with potential foreign buyers from both emerging markets and mature markets.