By  on April 8, 2014

U.S. Trade Representative Michael Froman said Tuesday that implementation of a World Trade Organization protocol amending the 1994 Government Procurement Agreement expands business opportunities for American firms to supply goods and services to foreign governments estimated to be worth $80 billion to $100 billion annually in addition to the $1 trillion already covered under the GPA.

Froman said the revised agreement opens the door to these opportunities in a fair and transparent process. It significantly adds to the GPA by making changes that reflect advances in procurement practices and further clarifies the obligations of the parties involved. In addition, it establishes work programs that facilitate participation by small- and medium-sized businesses in government procurement and fosters best practices in sustainable procurement.

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