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May 1, 2013 by PKR

WTO Begins to Address Corruption in Government Procurement

Last month the parties to the World Trade Organization’s (WTO) Agreement on Government Procurement (GPA) adopted non-binding revisions that incorporate anti-corruption provisions into the GPA. These revisions will become binding if at least ten of the current fifteen parties ratify them. On a globally-derived average, corruption increases the price of government procurement contracts by twenty […]

Filed Under: Foreign Investment, Incentives & Barriers, Policy & Regulation Tagged With: corruption, procurement, WTO

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