Signing of Government Procurement Agreement under World Trade Organization: Impact on Pakistan

Abstract

Procurement deals with the process of attaining products and services in the course of running a business. Companies which carried out business are in basic need of soliciting purchase of goods or utilizing the services at a large level, procurement has been most commonly linked with business. Procurement runs on both sides of the business parties i.e. sellers or the buyers and in subsequence to that, any company can be part of procurement either as a buyer or a seller. The agreement of World Trade Organization (WTO) name as “Government Procurement Agreement” (GPA) promulgated on 6^th April, 2014. Under the progressive approach of GPA, limited members of WTO are provided with a framework to regulate and ensure the competition, transparency and non-discrimination of procurements following the mark of integrity.The Qualitative research methodology is employed to examine the extent to which GPA has succeeded in controlling procurement discrimination in international market. This research aims to explore how GPA has worked so far to remove the procurement discrimination from the international market and to what extent it has succeeded, where its lacking, what are the factors that are causing hurdles in its efficient working and should Pakistan accede to it or not.