Canada Ratifies Revised WTO Government Procurement Agreement
Value of new procurement market access opportunities for Canadian businesses could be as high as $450 billion
December 3, 2013 - The Honourable Ed Fast, Minister of International Trade, announced today that Canada has ratified the modernized WTO Agreement on Government Procurement (GPA) and welcomed its progress toward entry into force. The announcement was made in Bali, Indonesia, during the ninth WTO Ministerial Conference.
“Our government remains committed to ensuring job creation and opportunities for all Canadians,” said Minister Fast. “With the WTO GPA, new procurement opportunities for Canadian businesses will be created, which could be worth as much as $450 billion. Expanded access to the procurement markets of more than 40 WTO members will result in new jobs and opportunities across Canada.”
It is expected that the agreement will enter into force by the end of March 2014. To date, seven WTO members have ratified the GPA. The conclusion of negotiations was announced by the ministers of the 15 parties to the agreement—covering a total of 42 WTO members—during the last WTO ministerial conference in December 2011.
According to WTO estimates, the total value of new market access opportunities will be between $80 and $100 billion, which could rise to $450 billion once additional WTO members accede to the GPA. As the primary international instrument covering government procurement, the GPA’s rules and procedures are designed to strengthen the efficiency of the procurement process and the effective management of public resources.
For more information on this agreement, please consult The plurilateral Agreement on Government Procurement (GPA).
Minister Fast with his counterparts after ratification of the Government Procurement Agreement at the Ninth WTO Ministerial Conference
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For further information, media representatives may contact:
Office of the Honourable Ed Fast
Minister of International Trade
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