January 03, 2008

China To Open Government Procurement

With just one business day left to 2007 the Chinese government filed to join the World Trade Organization's Government Procurement Agreement on December 28. China committed to join the WTO GPA in early 2006 after being an observor to the protocol since 2002. The process can legally take years to complete but could some day open up billions of dollars worth of export opportunities for foreign bidders. Something to watch very closely and a new wedge in the ongoing trade imbalance between China and Europe.

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