17th October 2018
Australia has been accepted as new party to government procurement pact. Australia will accede to the Agreement based on the terms set out in its final market access offer, which all GPA parties approved. This outlines to what extent Australia commits to opening its government procurement market to the current GPA parties. Preliminary calculations suggest that Australia's overall government procurement markets are worth AUD 110 billion (USD 78 billion), meaning that Australia's accession will add significantly to the current USD 1.7 trillion worth of government procurement covered by the Agreement.