Compliance with international safeguards is crucial for reactor vendors looking to export their products to non-weapon countries. However, many advanced nuclear companies may not fully understand the importance of these safeguards, which are 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.
On the other hand, potential reactor vendors can face difficulties when trying to navigate the complex nuclear regulatory frameworks that govern the industry. They generally understand the role of national safety regulators and the importance of complying with their regulations. However, they may struggle with understanding the intricacies of international safeguards and how they apply to their business operations.
For sellers looking to export reactors, especially advanced ones, to non-weapon countries like Canada, Ghana, Poland or Turkey, compliance with international safeguards is crucial. Failure to comply with these safeguards could potentially be a deal breaker for these sellers in their international transactions. It’s important for reactor vendors to fully understand the importance of international safeguards and take steps to ensure compliance in order to succeed in the global market.