The Proposed ‘Buy European’ Procurement Regulation: An Analysis
The European Commission recently advanced a ‘Buy European’ proposal for a regulation on the access of third-country goods and services to the EU’s internal market in public procurement. Reciprocity, or the practice of lowering barriers to trade in return for similar concessions from another country, is the core principle behind this proposed scheme. The key objective is to improve the conditions under which EU businesses can compete for public contracts in third countries.
This analysis sets out the main features of the proposed regulation as currently available. It then assesses the main implications of this proposed regulation, should it be adopted.
Date Published: 14 Jun 2012