EU May Tighten Up on Public-Procurement Contracts, FT Reports

The European Union may make it more difficult for companies to bid for public procurement contracts if they’re based in countries that don’t have reciprocal open tendering arrangements, the Financial Times reported.

The European Commission, which is starting a consultation process on the matter, said European companies don’t have access to some emerging economies not covered by the World Trade Organization’s government procurement agreement, according to the newspaper.

It also pointed to difficulties faced in tendering for some transport-related contracts in countries such as Japan and the U.S., the FT said.

To contact the reporter on this story: Alan Purkiss in London on apurkiss@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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