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GPA entry beneficial to Taiwan

GPA entry beneficial to Taiwan

Taipei, March 14 (CNA) Taiwan's entry to the Agreement on Government Procurement (GPA) since 2009 has been very beneficial to the country, as it has allowed local enterprises to explore more business opportunities overseas, a government agency said Friday.
In 2013, Taiwan provided 2,502 government procurement cases, worth NT$298.3 billion (US$9.84 billion), for bidding in line with GPA regulations. Among them, foreign companies won bids in 247 cases worth NT$76.9 billion, or 26.78 percent of the total value, the Public Construction Commission reported.
The percentage marked no big difference compared with the 29.68 perceent recorded during the 2006-2008 period before Taiwan's participation in the agreement affiliated to the World Trade Organization, the commission said.
On the other hand, according to the Ministry of Economic Affairs, Taiwan's companies were able to gain business worth over US$2 billion in foreign government procurement projects in 2009, and the figure has been increasing every year. Meanwhile, a revised version of the GPA will take effect April 6, first for 10 signatories -- Taiwan, Canada, the United States, the European Union, Singapore, Norway, Iceland, Israel, Hong Kong and Liechtenstein -- allowing these countries to further open up the government procurement market to each other. The ministry estimated that the change will help expand the market scale, which currently stands at around US$1.6 trillion a year, by between US$80 billion to US$100 billion, providing more opportunities for Taiwanese businesses. Taiwan is strong in international government procurement biddings for electronics goods and relevant components as well as green and security monitoring products, while foreign companies are competitive in acquiring Taiwan's government contracts to provide machine equipment and accessory parts.
The GPA, signed in 1994, currently has 15 parties, mainly major industrialized economies. The purpose of the agreement is to seek to provide equal and fair treatment to foreign companies in the bidding for government procurement contracts and not to discriminate against foreign goods, services and suppliers of the signatories. (By S. M. Yang and Flor Wang)











Updated : 2021-06-15 08:32 GMT+08:00