Government Procurement Marketplace
The central and local governments have been recognized as the biggest purchasers in domestic markets and are attracting considerable attention as potential markets. Government procurement market is a public market formed through government's purchase of products and service to perform the essential roles of it. According to a research by OECD, the amount of annual government procurement market is over USD 5.55 trillion (OECD, published in 2002: researched in 1998) and only USD 2.83 trillion is the actual competitive amount to foreign nations, excluding wages and national defense expenditure. Over 10 million companies are reported to participate in this market.
on Government Procurement
Agreement on Government Procurement is one of the trade agreements among plural nations that belong to WTO foundation agreement signed in Marrakesh, Morocco on April 15, 1994. Twenty two nations came have joined this agreement and it came into force in January 1, 1996. Only Republic of Korea postponed but finally made it into effect in January 1, 1997. Below are the members and observers of the agreement on Government Procurement.
Austria, Belgium, Canada, Denmark, European Communities,
Finland, France, Germany, Greece, Hong Kong China,
Iceland, Ireland, Israel, Italy, Japan, Korea,
Liechtenstein, Luxembourg, Netherlands, Netherlands
with respect to Aruba, Norway, Portugal, Singapore,
Spain, Sweden, Switzerland, United Kingdom, United
Bulgaria, Estonia, Jordan, Kyrgyz Republic, Latvia,
Panama, Chinese Taipei
Argentina, Australia, Bulgaria, Cameroon, Czech
Republic, Chile, Colombia, Croatia, Estonia, Georgia,
Jordan, Kyrgyz Republic, Latvia, Lithuania, Malta,
Moldova, Mongolia, Oman, Panama, Poland, Slovak
Republic, Slovenia, Turkey, International Monetary
Fund, Organization for Economic Cooperation and
Development, International Trade Centre
"Multilateral Procurement" market is a procurement market formed through the direct or indirect - through subordinate organizations - purchase of products or service by international organizations such as World Bank, UN, etc. The procurement performed by governments or public institutions financially sponsored by local development banks such as IBRD, ADB, AFDB or EBRD is also included in this market. For example, World Bank annually spends over USD 1 billion on approximately 300 new projects through International Bank for Reconstruction and Development (IBRD) and International Development Agency (IDA). Currently, over 2000 projects are in progress and products and services worth USD 2 ~ 2.5 billion are put into them.
company has used B2GPlace since the beginning of
the service and have found it to be an integral
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COO, Hudson Valley Uniform