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Trade: Council agrees its negotiating mandate on the International Procurement Instrument EU ambassadors today agreed on a mandate for negotiations with the European Parliament on a regulation to create an International Procurement Instrument (IPI), which will help to address the lack of a level playing field in world procurement markets. IPI is a trade offensive tool aiming to provide the EU the necessary negotiating leverage to open up third countries’ procurement markets and ensure access and a level playing field to EU businesses in those markets. The EU will be now better equipped to defend European businesses against discriminatory and restrictive practices applied by some of its major partners. If the procurement market of a third country is closed to EU companies, the EU could close segments of its own procurement market in response. An open procurement market will boost competition and transparency, reduce the cost of public goods and services for taxpayers and min

Augusto santos silvaEuropean councilInternational procurement instrumentForeign affairs of portugalEuropean parliamentEuropean commissionSantos silvaForeign affairsProcurement agreementPortuguese presidencyInternational procurementஅகஸ்டோ சாண்டோஸ் சில்வாஐரோப்பிய சபைசர்வதேச ப்ரொக்யூர்மெஂட் கருவிவெளிநாட்டு வாழ்க்கைத்தொழில்கள் ஆஃப் போர்சுகல்ஐரோப்பிய பாராளுமன்றம்