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We are delighted to introduce this, the second edition of The Government Procurement Review. It brings even wider geographic coverage than the first edition, now covering six continents and 24 national chapters (including the EU chapter).
While the economic climate has improved since we wrote the preface to the first edition, we are far from seeing a return to the boom years. In light of the economic climate, it is perhaps no surprise then that governments seek to demonstrate more effective, better value purchasing; nor that many suppliers view government contracts as a much-needed revenue stream with the relative certainty that they will be paid.
While economic downturns have in the past coincided with protectionist national measures, we are heartened to see some notable examples of free trade-oriented policymaking in the past year. In particular, the World Trade Organization’s revised Agreement on Government Procurement (GPA) came into force on 6 April 2014, having received the requisite number of ratifications. With the new GPA, it is estimated that there will be new procurement opportunities worth US$80-US$100 billion per year for firms from other GPA states.