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

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search