Procurement: EU Committee adopts draft

The European Union is making progress in new guidelines for the European market that intends to encourage China to open up in the field of public procurement. The draft of the so-called „International Procurement Instrument“ (IPI) was adopted on Tuesday by the European Parliament’s Committee on International Trade. MEPs thus approved two types of IPI measures, which the EU Commission can utilize to address unequal access to public procurement markets. The first measure is the price adjustment mechanism proposed by EU member states. The second potential measure is to exclude a company from tendering altogether.