Home / Knowledge / News / Taiwan WTO GPA opens up unprecedented opportunities for US biz
Taiwan WTO GPA opens up unprecedented opportunities for US biz
20
Jul '09
Taiwan officially joined the WTO Agreement on Government Procurement (GPA), marking a significant milestone in its participation in the global trading system and opening up unprecedented government contracting opportunities for U.S. agencies and companies. As the newest signatory to the GPA, Taiwan joins the United States and other GPA trading partners in setting open, transparent, and non-discriminatory rules in the multi-trillion dollar public procurement markets.

As a GPA signatory, Taiwan is committed to opening its government procurement opportunities above a certain monetary threshold to international bidding by all GPA members. Similarly, Taiwan's products, services and suppliers will be eligible to bid for procurement contracts offered by other GPA members. Most importantly, the United States will waive eligible products, services and suppliers from Taiwan from all discriminatory purchasing measures, including the Buy American requirements under the Trade Agreements Act of 1979. The waiver also applies to government contracts under the American Recovery and Reinvestment Act, passed earlier this year.

Taiwan's accession to the GPA reaffirms its commitment to open markets and cooperation with its trading partners. This marks an important step in building an even closer U.S.-Taiwan partnership, and especially will facilitate new opportunities that help Taiwan and U.S. companies work their way out of the economic recession. Furthermore, Taiwan's dynamic innovations and leading-edge products, services and technologies in the ICT, semiconductor, medical devices, precision machinery, auto parts, functional textiles, green construction, solar photovoltaic, flat panel display and light-emitting diode (LED) sectors will not only offer U.S. agencies excellent opportunities to enhance quality of purchasing but also give U.S. companies a boost to their competitiveness when bidding for federal and state government contracts.

Taiwan, ranked first in the world for R&D capacity in 2008 by the Economist Intelligence Unit, has long been one of the top suppliers of various high tech products for U.S. and global industries, accounting for about three-quarters of global PC production, half of the world's flat panel displays, a quarter of the world's semiconductors and about a fifth of the world's mobile phones.

Taipei Economic and Cultural Representative Office

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search