U.S. Chamber of Commerce Press Statement on U.S.-India Nuclear Agreement

WASHINGTON, D.C.—Today, the U.S. Chamber of Commerce sent a letter to all members of the House and Senate reiterating its support for the U.S.-India nuclear agreement.

According to the Chamber, sensitive issues relating to nonproliferation have been carefully considered and unanimously resolved by the 35 governors of the IAEA and the 45 member nations of the Nuclear Suppliers Group.

India's civil nuclear program commenced operation when its first reactor, made by General Electric, began producing nuclear power in 1961. With India's 34-year nuclear isolation now history, the opportunity for U.S. companies today is tremendous, with a potential $150 billion of new investment. If U.S. companies are allowed to compete, a modest share of that business could support 250,000 high-tech American jobs. Moreover, the nuclear business would be a fraction of the broader commercial gain across all sectors after this foundation, established of mutual trust and respect, is laid.

For a copy of the letter, please visit: http://www.uschamber.com/issues/letters/2008/080919_usindia123.htm

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

www.uschamber.com

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