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GPA meaning in Governmental ?

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Answer: What is Government Procurement Agreement mean?

The Agreement on Government Procurement (GPA) is a plurilateral agreement under the auspices of the World Trade Organization (WTO) which regulates the procurement of goods and services by the public authorities of the parties to the agreement, based on the principles of openness, transparency and non-discrimination.

The agreement was originally established in 1979 as the Tokyo Round Code on Government Procurement, which entered into force in 1981 under the auspices of the General Agreement on Tariffs and Trade. It was then renegotiated in parallel with the Uruguay Round in 1994, and this version entered into force on 1 January 1996. The agreement was subsequently revised on 30 March 2012. The revised GPA came into effect on 6 July 2014 and applies since 1 January 2021 to all members.

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