On Thursday, November 12, in Geneva, member countries of the Committee
on Government Procurement of the World Trade Organization (WTO)
approved the accession of Ukraine to the Agreement on government procurement
(Agreement on Government Procurement, GPA).
The Ministry of Economic Development and Trade of Ukraine officials
emphasize that the GPA Agreement extends the main principle of the WTO – an equal
access to markets - to government procurement. Therefore,
Ukraine opens access to its public tenders for the GPA
parties as also the GPA parties open access to their procurement markets. Joining the
Agreement means for the Ukrainian companies the opening of the global
market for public procurement of the WTO countries, which is estimated at USD 1.7
trillion.
According to specialists of the Ministry of Economic
Development and Trade, joining the GPA is a positive signal for
foreign investors and a proof that Ukraine adopts best practices and gets
the support of leading worldcountries.
The Ministry expects the Verkhovna Rada to ratify the GPA before
the end of 2015.
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