WTO Formally Adopts Revised Government Procurement Agreement

GENEVA—Parties to the World Trade Organization’s Government Procurement Agreement formally adopted March 30 a revised version of the pact, as well as additional market access commitments from signatories that proponents claim will result in new global procurement opportunities of at least $80 billion per year.

The revised GPA text and the accompanying final market access offers were approved as a single package at a meeting of the WTO’s committee on government procurement. The new commitments are now subject to ratification, with acceptance from two-thirds of the 15 parties needed to bring the new agreement into force. …

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