More Fairness in Global Procurement: The European Union’s Future International Procurement Instrument Moves Closer to Reality
6 Pages Posted: 27 Sep 2021
Date Written: August 29, 2021
Abstract
The European Parliament is about to be concerned with a proposal for an International Procurement Instrument (IPI). This is part of a legislative process that has been ongoing for almost a decade. Once adopted, the IPI will enable the European Union (EU) to take measures with the aim of reducing measures by states outside the EU. Using the amended proposal by the Council, this text provides the reader with an introduction to the issue and - as far as possible at this time - an outlook towards potential future impacts of the IPI, when it will eventually enter into force.
Keywords: procurement, European Union, fairness, international procurement instrument, European Parliament
JEL Classification: K33
Suggested Citation: Suggested Citation