WTO Seals $100 Billion Deal Expanding Government Procurement
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After more than a decade of negotiations, the World Trade Organization clinched a landmark agreement that opens up government-procurement contracts worth as much as $100 billion to more foreign competition.
The revised Government Procurement Agreement, approved today in Geneva hours before the WTO began its eighth ministerial meeting, covers 42 of the trade arbiter’s 153 members. China, which submitted a revised offer in November, won’t join the agreement this year.