EU MISSED BUSINESS ON GLOBAL PROCUREMENT MARKET

Some €352 billion of EU public procurement is open to bidders from 15 member countries of the WTO agreement on government procurement (Armenia (Pending), Canada, Hong Kong (China), Iceland, Israel, Japan, Korea, Liechtenstein, Norway, Singapore, Switzerland, Chinese Taipei and the U.S.). The value of U.S. procurement offered to foreign bidders is currently just €178 billion and €27 billion for Japan, whereas only a fraction of the Chinese public procurement market is open to foreign business.