The Chairperson congratulated Norway for being second to register its acceptance of the Protocol of Amendment, only preceded by Liechtenstein.
The GPA, a plurilateral agreement within the WTO system, provides a framework for the progressive liberalization of markets for the procurement of goods and services. It is built around the principles of non-discrimination, transparency and procedural fairness, and embodies a set of best practices in public procurement based on the experience of the participating governments. The revised text of the Agreement and expansion of related market access commitments were negotiated by the parties over a period of more than ten years. The historic deal improves the disciplines for this key sector of the economy and means 80 to 100 billion USD in new market access opportunities a year.
The Protocol of Amendment will come into effect upon its acceptance by two thirds of the Parties to the Agreement.
“Norway is pleased to be among the very first Parties to accept the amendment of the GPA. We strongly encourage other Parties to register their acceptances of the revised Agreement as soon as possible, so that we may all reap the fruits of this extremely important deal. The revised Agreement means greater market access, better disciplines for awarding government contracts, better use of public resources, increased transparency and a stimulus for the world economy,” said Ambassador Neple.