Bringing A Boost To International Gov't Contracting
January 13, 2012, 12:54 PM EST
Law360, New York (January 13, 2012, 12:54 PM EST) -- On Dec. 15, 2011, negotiators at the World Trade Organization Ministerial Conference session in Geneva concluded a landmark trade agreement that will expand international competition in the government procurement sector. This new accord comes in the form of revisions to the WTO Government Procurement Agreement, which safeguards the access of foreign suppliers to government contracts in 42 countries worldwide.
Coming after more than a decade of negotiations between the United States, the European Union and other developed economies, the revised agreement will replace the original WTO...