Navigating the Complex Regulatory Landscape: Challenges Facing Vendors of Advanced Nuclear Technology in International Trade

Vendors of advanced nuclear technology face challenges in complying with the complex regulatory frameworks governing the industry. While they understand the role of national safety regulators and their importance, many may not fully appreciate the significance of international safeguards overseen by the International Atomic Energy Agency (IAEA).

This could be due to the fact that compliance with international safeguards is voluntary for most reactor vendors in official nuclear weapon states. However, for vendors looking to export reactors, especially advanced ones, to non-weapon state countries like Canada, Ghana, Poland, or Turkey, compliance with international safeguards is crucial. Failure to adhere to these safeguards could potentially be a dealbreaker for these vendors in their international transactions.