Strides Are Made Towards the International Procurement Instrument
The International Procurement Instrument was first proposed back in 2012 but it has taken until this year for its intention to be put into effect. Finally, after nine years of negotiating, the ambassadors of 27 member states reached an agreement in June of this year, allowing the International Procurement Instrument to go ahead. This will allow European companies to have access to third countries' procurement markets, in the same way as foreign companies currently have access in Europe.
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