India

Market access through WTO's Global Procurement Agreement

2012-07-18

'With India evaluating pros and cons of joining the WTO's global procurement agreement (GPA), a senior official of the multilateral body today said being a part of the pact would give New Delhi access to about $ 1.7 trillion procurement market.

 

'Currently, India has an observer status in this plurilateral pact. The GPA, which is a legally binding agreement in the WTO, sets fair rules for public purchases. Members to the agreement open their markets only to fellow signatories - rather than to all WTO members.'

 

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