Ukraine joins WTO Agreement on Government Procurement

posted 16 March 2016 19:04

Ukraine joins WTO Agreement on Government Procurement (GPA). The Parliament has ratified Ukraine's accession to the Agreement on Government Procurement (GPA) of the World Trade Organization. The WTO Committee on Government Procurement GPA had already approved accession of Ukraine in November 2015.

According to the procedure, the decision to join the Agreement enters into force for Ukraine on the thirtieth day after the date of documents deposited with the Director General of the WTO. Since then, the Ukrainian producers can officially participate in public tenders of the member countries of the WTO GPA - EU, USA, Korea, Taiwan, Singapore, Hong Kong, Canada and others.

For Ukrainian companies joining to the WTO Agreement GPA means opening access to the worldwide procurement market, which is estimated at USD1.7 trillion that is 30 times more than the volume of Ukrainian exports in 2014.