Green light for public procurement regulation

The European Parliament has given the green light to a regulation with which the EU wants to open China’s public procurement market to European firms. The International Procurement Instrument (IPI) received the necessary votes on Thursday. “It will significantly strengthen the EU in the harsh international trade environment,” said Daniel Caspary (CDU), the MEP in charge of IPI. “In the future, access to EU public tenders will be restricted for companies from third countries if they do not offer European companies comparable access.”