The International Procurement Instrument (IPI): promoting a level playing field around the world

In: Información comercial española: revista de economía ; ICE, Heft 930

Abstract

This article provides a summary of the latest trends and policy developments in the area of international public procurement, with a special focus on the recently adopted International Procurement Instrument by the European Union (EU). The EU public procurement market is one of the largest and most accessible in the world. However, many of the EU's major trading partners apply restrictive practices in their markets that discriminate against EU businesses. Faced with this asymmetry, the IPI allows the EU to advocate more effectively for open international public procurement markets.