EU seeks to make trade partners open up public tenders

Published 30/01/2016, 02:19 am
EU seeks to make trade partners open up public tenders

BRUSSELS, Jan 29 (Reuters) - The European Commission said on Friday it would seek to persuade reluctant trading partners to open up their public tenders by threatening to make bids for contracts in Europe from non-compliant countries less attractive.

The Commission says that only a quarter of the world's annual procurement market is open to international competition and that EU companies are often subject to discrimination in sectors such as construction, public transport, power generation and medical devices.

The European Union is already in talks on free trade deals with the United States and Japan, with greater access to public tenders a central EU demand, and with the likes of China and Australia about their joining the WTO pact on government procurement.

The Commission proposed on Friday that it would start investigations in cases of alleged discrimination against EU countries. If found, the Commission would invite the country concerned for discussions.

As a last resort, the Commission could, after consultation with EU members, determine to attach a price premium on top of bids from the country concerned.

"To avoid the application of this tool, third countries have only to stop such discrimination," a Commission statement said.

The measure, which will need to be approved by EU member states and the European Parliament, would not apply to the least developed countries and would be limited to contracts above a certain threshold.

The plan is a revision of an initial proposal in 2012 which included the possibility of closing the EU market entirely, an idea that alarmed some member states.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.