The International Procurement Instrument: a new trade policy tool promoting reciprocity in access to international public procurement and concession markets
Access of Union economic operators, goods or services to public procurement and concession markets from third countries as well as the elimination of restrictive public procurement practices in third countries remains an important policy objective of the European Union (Union).
On 23 June 2022, the Union therefore adopted the International Procurement Instrument (IPI). The general objective of the IPI is achieving reciprocity by opening third-country public procurement and concession markets and improving market access opportunities for Union economic operators, goods or services.
The present newsflash provides a synopsis of the set of rules of the IPI that shall soon enter into force.