Review article
PROCUREMENT AGREEMENT OF THE WTO: COSTS AND CHALLENGES FOR DEVELOPING COUNTRIES
Oleksandr Dorofieiev
; National University “Odessa Law Academy”, Odessa, Ukraine
Abstract
Nowadays, government procurement is one of the key instruments to implement the state policy on the one hand and to exercise profi table opportunities for business on the other hand. Due to the fact that government procurement covers almost all public works, services and supply contracts and involves huge amounts of money it has a significant importance for developing countries, where government procurement sphere is one of the most corrupted. Thus, it is highly important to adopt and reform its own domestic legislation as well as to become a part of international treaties, which regulate public procurement sphere. One of such treaties is Government rocurement
Agreement of the World Trade Organization. Though there are many benefits, which are provided by the Agreement it is still widely criticized by developing countries. Their main concern is that the accession to the GPA will lead to economic losses and inability of domestic suppliers to compete with foreign ones. In order to declare whether it is right or wrong it is highly important to examine thoroughly potential benefi ts and costs of the accession of developing country. The results of the research show us that despite some costs, benefi ts still outweigh them.
Keywords
Hrčak ID:
151853
URI
Publication date:
1.12.2015.
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