Government procurement
Government procurement: also called public procurement. It covers purchases of goods and services by governments and governmental authorities for their own use. Government procurement is estimated to account for at least 10% of GDP in many countries, but estimates differ widely. The GATT and GATS exempt government procurement from the application of their rules. See also Agreement on Government Procurement, APEC Non-binding Principles on Government Procurement and Working Group on Transparency in Government Procurement.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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