21 Jun Revised Agreement on Government Procurement and Wto Related Legal Instruments
The Revised Agreement on Government Procurement (GPA) is an important legal instrument related to the World Trade Organization (WTO). It is a multilateral agreement that governs the procurement of goods and services by governments of member countries. The aim of this agreement is to promote transparency, fair competition, and non-discrimination in government procurement processes.
The GPA was first introduced in 1981 and has been revised multiple times since then. The latest revision took place in 2014, and it came into effect on April 6, 2014. The revised agreement includes several important changes that aim to make government procurement more transparent, efficient, and competitive.
One of the key changes introduced by the revised agreement is the expansion of its scope. The agreement now covers a wider range of goods and services, including information technology products and services, construction services, and public utilities. This expansion ensures that more sectors are open to international competition, promoting fair competition and non-discrimination in government procurement.
Another significant change is the introduction of new procedures for reviewing and challenging government procurement decisions. The revised agreement establishes a system for resolving disputes between governments and suppliers, which includes a review of procurement decisions by independent panels.
The revised agreement also strengthens the obligation of participating governments to publish tender notices and provide sufficient information to potential suppliers. This increases transparency in government procurement processes and allows suppliers to better understand the requirements and opportunities available.
In addition, the revised agreement includes measures to enhance the participation of small and medium-sized enterprises (SMEs) in government procurement. This includes the establishment of benchmarks and targets for SME participation and the development of training programs to help SMEs improve their competitiveness.
Overall, the revised agreement on government procurement and WTO related legal instruments is an important tool for promoting fair and transparent government procurement practices. By expanding the scope of the agreement, introducing new procedures for reviewing procurement decisions, and enhancing transparency and SME participation, the revised agreement helps to promote a level playing field for suppliers and ensure that governments get the best value for their money.