A high-level international panel cites the IAEA as "an extraordinary bargain" for its work, citing efforts to prevent widespread proliferation of nuclear weapons. In October, the IAEA and its Director General are awarded the Nobel Peace Prize. An international expert group releases findings of its extensive look at the world's civil nuclear fuel cycle, citing five approaches to strengthen controls over sensitive nuclear materials and technologies. No agreement is reached at the 7th NPT Review Conference, as disarmament issues prove divisive. Dr. ElBaradei accepts appointment to a third term as IAEA Director General. A new IAEA Board resolution urges Iran to re-establish full suspension of all uranium enrichment-related activities and to re-instate the IAEA seals that were removed. IAEA Director General ElBaradei welcomes the US-India nuclear agreement. France is selected to host the US $10-billion ITER project on nuclear fusion. Countries substantially strengthen the international Convention on the Physical Protection of Nuclear Material. In the aftermath of 2004’s devastating tsunami in Asia, scientists re-examine potential dangers to nuclear reactors. Vietnam's "ricemakers" make big strides in southern and northern villages. Health applications of nuclear medicine are advancing steadily, aiming to reach more patients in developing countries.
			For the past 35 years, the IAEA has been verifying States' compliance with their commitment to the peaceful use of nuclear material pursuant to the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).