Posts Tagged Public Procurement Market

The EU’s Public Procurement Market May Be Blocked for Some Foreign Companies

21 March 2012, Brusssels
The European Commission proposes to block from bidding for public contracts in Europe some foreign companies (like Chinese, American or Japanese companies) if their countries are consider to be excluding bids from European firms.
This measure can increase tensions over protectionism in international trade, especial between the signature countries of the General Procurement Agreement deal from the World trade Organization.
Public procurement affects a substantial share of world trade flows and amounts to EUR1,000 billion per year.
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