US Procurement Market More Open Than Other Nations: GAO

Law360, New York (March 13, 2017, 4:13 PM EDT) -- The Government Accountability Office revealed Monday that the U.S. has opened its public procurement markets to foreign competition at a greater clip than many of its partners and stressed that much of the recordkeeping surrounding such government contracts must be dramatically improved.

In its review of the World Trade Organization's Government Procurement Agreement, or GPA, the GAO found that the U.S. has reported $837 billion in covered procurement, which is more than twice the $381 billion reported by the next five largest signatories — European Union, Japan, South Korea, Norway and Canada — combined.

Those findings prompted an outcry from U.S....

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