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Pres. Trump is weighing exiting from WTOs $1.7 trillion procurement pact

Pres. Trump on WTO procurement pact

The WTO procurement pactregulates theĀ procurementĀ of goods and services by the public authorities of the parties to the agreement, based on the principles of openness, transparency and non-discrimination.

The aim of the Agreement is to mutually open government procurement markets among its parties, consistent with principles of reciprocity. There are 48 nations in the pact.
The government procurement agreement (GPA) parties opens procurement activities worth an estimated USD 1.7 trillion annually to international competition (i.e. to suppliers from GPA parties offering goods, services or construction services).