Franck Riester, Minister Delegate for Overseas Commerce and Financial Attractiveness, connected to the Minister for Europe and Overseas Affairs, is touring to Brussels on Thursday, June 23, to signal the Worldwide Procurement Instrument (IPI) on behalf of the French presidency of the Council of the European Union. At a time when underneath half of the world’s public procurement markets are at the moment open to European corporations, the adoption of the brand new European instrument sends a robust message relating to the EU’s dedication to make sure that our corporations have entry to alternatives and to ensure commerce reciprocity and truthful competitors circumstances for them.
Ten years after the Fee’s first proposal, the adoption of this European act is popping one of many high priorities of the French presidency of the EU right into a actuality. Because of this new instrument, the European Union will be capable to take measures to limit international corporations’ entry to European public procurement markets in situations when European corporations don’t get pleasure from the identical diploma of entry to international public procurement markets. As well as, the instrument reinforces the duty to think about environmental, social and labor necessities when judging bids.