The GPA is a major international trade agreement that will open the door for Australian companies to enter public procurement, valued at more than $1.7 trillion. According to the Australian Department of Foreign Affairs and Trade, the Chinese market alone is valued at $1.5 trillion. Analysts and officials believe Australia`s membership could also make GPA participation more attractive to potential new parties. The inclusion in the agreement will allow Australian goods and services providers applying for foreign government missions from parties to the GPA to have access to the one proposed to domestic businesses, although this depends on the sectors and levels of government covered. Canberra will also benefit from the GPA regulatory framework, which contains legislation to ensure transparency and appropriate procedures, combat potential nepotism and discrimination, and prevent possible protectionism. Australia`s participation in the GPA will ensure that our exporters and service providers have the right to compete on an equal footing in many foreign supply markets. This will make it easier for Australian companies to sell their products and services around the world. The accession process begins with the submission of an application for membership and has two main aspects: negotiations between the member member and the parties to the GPA on the offer of coverage of the GPA and the verification of the compliance of the member`s contracting rules with the requirements of the GPA, for example in terms of transparency, procedural fairness for suppliers and national control. The following WTO members are parties to the 1994 agreement: The main objective of the GPA is to open up public procurement between its parties. Following several rounds of negotiations, the GPA parties have opened purchase activities valued at an estimated $1.7 trillion per year for international competition (i.e., suppliers of construction products, services or services).
The aim of the agreement is to open public procurement between its parties, in accordance with the principles of reciprocity. Following several rounds of negotiations, the GPA parties have opened purchase activities valued at an estimated $1.7 trillion per year for international competition (i.e., suppliers of construction products, services or services). Preliminary calculations indicate that Australian government procurement is worth a total of AUD 110 billion ($78 billion) per year, meaning that Australia`s accession will significantly complement the current procurement market covered by the agreement. GPA membership is limited to WTO members who have specifically signed or subsequently joined the GPA. WTO members are not required to join the GPA, but the United States urges all WTO members to participate in this important agreement. Several countries, including China, Russia and the Kyrgyz Republic, are negotiating GPA membership. At the same time, a press release from Australian Trade Minister Simon Birmingham highlighted the different sectors in which Australian companies now have a better chance of applying for foreign government contracts.