Government Procurement Agreement (GPA) in PakistanGovernment Procurement Agreement • August 28th, 2014
Contract Type FiledAugust 28th, 2014The WTO’s Government Procurement Agreement (GPA) is a plurilateral agreement aimed at promoting fair and transparent competition for government procurements among the suppliers of the member states that have joined the GPA. Currently there are 15 signatories comprising 43 WTO members (counting the European Union and its 28 member states, all of which are covered by the Agreement as one party). An additional 28 members have observer status at the WTO’s GPA Committee, and 10 of these are in the process of negotiating accession to the GPA. The aggregate value of multilateral trade under the GPA reached USD 1.7 trillion in 2011, and is steadily increasing without taking into consideration the potential addition of 10 more signatories.