GAO: US Opened $837B in WTO Trade Pact-Covered Govt Procurement Contracts to Foreign Competition in 2010

Source: Jane Edwards, ExecutiveGov, March 15, 2017

The Government Accountability Office has found that the U.S. opened $837 billion in contracts to foreign competition during 2010 under the World Trade Organization’s Agreement on Government Procurement compared with $381 billion in combined GPA-covered contracts that the next five largest trading partners reported in the same year. GAO said in a report published Monday those five GPA parties include Canada, Japan, Norway, South Korea and the European Union. The report also showed that the U.S. recorded $1.7 trillion in total government procurement contracts in 2010, while the five largest GPA partner countries reported $2.4 trillion in contracts combined. The agency also found lapses in the way U.S. free trade agreement and GPA partner countries statistically report government procurement data. … The congressional budget watchdog offered several recommendations to the U.S. Trade Representative to change the way it reports government procurement data under U.S. FTAs and GPA. …

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