Page 280 - Failure to Triumph - Journey of A Student

Positive

Transfer of technology from developed country becomes easier.

Due to opening of the country’s economy, global economy will improve

Employment increases.

Negative

Price of life saving drugs will increase.

Indian industries will be dominated by advanced countries.

There is discrimination regarding registration of some of the products under intellectual
property rights (patents).

INTERNATIONAL ATOMIC ENERGY AGENCY (IAEA)

The IAEA is a specialised agency of the UN established in 1957. Its role is to assist member states
with the development and application of atomic energy for peaceful purposes and at the same time
prevent its use for military purposes by fostering and monitoring a universal standard of nuclear
safeguards.

Bilateral Nuclear Agreement Between the IAEA and Members of the NPT

The IAEA tries to ensure that fissile and related nuclear material, equipment, information, and
services are not used to produce nuclear weapons. The IAEA conducts on-site inspections and
monitoring as provided for in bilateral agreements between the IAEA and individual member
countries of the Nuclear Non-Proliferation Treaty (NPT).

Structure of IAEA

The structure is as follows:-

IAEA Secretariat has headquarters in Vienna, Austria. The IAEA Secretariat has a team
of 2200 multi-disciplinary professionals and support staff from more than 90 countries.

Director General is Mohammed El Baradei (Egypt). There are six Deputy Director
Generals who head the major departments.