China to join WTO Government Procurement Agreement?2012-07-26
'China is set to submit a new offer by the end of this year as part of its efforts to join the 42-country Government Procurement Agreement (GPA), it announced at last week's meeting of the WTO committee tasked with administering the plurilateral pact.
'At the 18 July gathering, Beijing told parties that it would soon be making its third revised offer to accede to the agreement, which would take into account all the requests made by existing (GPA) parties after it submitted its previous offer last November.
'The Government Procurement Agreement - which was revised in December, following a decade of difficult negotiations - aims to tackle cronyism and corruption in government contracts. An earlier version of the agreement took effect in 1996, and was negotiated during the Uruguay Round of trade talks that ended in 1994.'
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