China offered a revised bid to enter the World Trade Organization’s Government Procurement Agreement, which guarantees members mutual private-sector access to government procurements worth more than a low threshold.
This comes in as China’s fifth bid since 2007.
In December, 2013, at the annual session of the U.S.-China Joint Commission on Commerce and Trade, China agreed to submit a revised offer in 2014 that would be in line with those of other GPA members, a December 2013 Office of U.S. Trade Representative fact sheet says.
The WTO GPA allows private sector access to government procurements worth more than $202,000 between countries who have joined the agreement. Certain services are barred from WTO GPA coverage, including services in support of the overseas military, dredging, federally funded research centers and ship repairs; the WTO also allows procurements to be excluded from agreement coverage on national security grounds.
Keep reading this article at: http://www.fiercegovernment.com/story/china-makes-another-bid-join-wto-procurement-agreement/2014-02-13
