The GPA`s fundamental objective is to open mutual public procurement between its parties. Following several rounds of negotiations, the GPA parties have opened purchase activities valued at an estimated $1.7 trillion per year for international competition (i.e., suppliers of construction products, services or services). The GPA contains a number of provisions to ensure that tendering procedures for public procurement are transparent, effective and fair in the signatory countries. The signatories agree that, despite this progress, information on public procurement at the global level is scarce; In particular, there is a lack of data and information on the types of discriminatory purchasing measures implemented by governments. To fill this gap, the OECD has developed a taxonomy of measures that affect public procurement and provide a classification system for the various policies, policies and procedures that may affect cross-border public procurement. The OECD taxonomy is not intended to judge the legitimacy of public policy objectives aimed at achieving procurement policies, but rather to highlight the trade impact of measures as an element to be taken into account in political decision-making and to inform governments considering less trade-restrictive measures in order to achieve the same policy objectives. The MPA applies to purchases by any contractual means, including purchase, lease or lease with or without an option to purchase. It applies to companies that each signatory country has listed in Schedule I (link offsite) of the agreement. Appendix I of Schedule I is the list of entities covered by headquarters, Schedule 2 of central government entities and Schedule 3 of the other entities. The WTO Public Procurement Agreement is a “multilateral” agreement that means it applies to a number of WTO members, but not all members. The wto`s amplification is centred on legally binding rules that require signatories to set open, fair and transparent conditions of competition in public procurement processes in certain areas where they have been agreed.
The following WTO members are parties to the 1994 agreement: For the full text of the revised GPA and the new annexes that list the contracts covered by all parties to the GPA, see GPA-113. Recognizing the inefficiency of the costs that can impose restrictive public procurement on national economies, the international trading community has been working for many years to place public procurement in multilateral trade disciplines. The Public Procurement Agreement (GPA) is a multi-lateral agreement last updated in 2014 and part of the World Trade Organization (WTO), which means that some, but not all, are signatories to the GPA. The Review Body on Bid Challenges is an organization set up by party states that allows suppliers to challenge irregular government tenders.  These bodies are independent and strive to deal with each case quickly. The review body is also empowered to recommend rapid interim measures, which can be recommended within days, when an evaluation body finds a first-application case for an auction challenge.  The GPA is a multi-lateral agreement within the WTO framework, which means that not all WTO members are parties to the agreement. Currently, the agreement consists of 20 parties, with 48 WTO members. Thirty-six WTO members/observers participate in the GPA committee as observers.
Of these, 12 members are in the process of joining the agreement. It is an agreement between members of the World Trade Organization (WTO) to open each other`s markets to the sale of goods and services to governments, often including regional and local governments.