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EU wants to open China’s procurement market

Chinese companies snatch up public construction tenders for giant bridges in Croatia, while EU companies are not even allowed to bid on similar projects in the People’s Republic. This is exactly what the International Procurement Instrument (IPI) is supposed to change. With this new EU regulation, the Commission wants to break up the Chinese procurement market. At the same time, it wants to put cheap bids from China at a disadvantage in public tenders. The European Parliament is expected to vote on the IPI in June. All that is then needed is the green light from the EU Council before this new instrument can be formally adopted and implemented.

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