The Philippines-US "123 Agreement" for nuclear cooperation entered into force on July 2.

The Philippines-US civil nuclear cooperation agreement, known as the "123 Agreement", has entered into force on July 2. The deal allows the US to export nuclear material, equipment, and components to the Philippines for peaceful purposes. The agreement was signed in November 2023 and provides a legal framework for US-Philippine cooperation in clean energy and energy security, strengthening long-term bilateral diplomatic and economic relationships.