WTO agrees terms to keep Britain in procurement deal post-Brexi

 

• Britain has an agreement at the World Trade Organization to remain within the WTO’s Government Procurement Agreement after it leaves the European Union, Britain’s mission said.

 

• Britain is a member of the GPA, whose members open up their combined $1.7 trillion government procurement markets to each other’s firms, by virtue of its EU membership.

 

• Membership would “ensure that British taxpayers and public sector organizations, including government departments, continue to benefit from increased choice and value for money on contracts which are open to international competition.          

 

• Staying in the GPA is important so that British companies can bid for government work in the United States, the European Union, and Japan, and their firms can retain access to Britain’s procurement market.

(Source: Reuters)