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

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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