world_organizations medium True/False

The WTO's Agreement on Government Procurement (GPA) is a plurilateral agreement that opens government procurement markets among parties, promoting transparency, non-discrimination, and competitive bidding for public contracts.

  1. True
  2. False

Answer: True

The GPA covers procurement by central and sub-central entities above threshold values. It requires publication of tender notices, fair evaluation criteria, and bid challenge mechanisms. By expanding market access for suppliers, it enhances value for money in public spending and supports good governance.

Topic World Trade Organization
Exam Relevance UPSC, Banking, SSC
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