ANNOUNCEMENT 30 Mar 2012In March 2012, a US state government announced a change in the local input requirements for the participation in certain public purchases.
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The West Virginia Legislature approved in its 2012 Regular Session the Procurement of Domestic Products Act, requiring state agencies to purchase products manufactured in the United States.
Specifically, the law provides that, "It is the policy of West Virginia that the state and its political subdivisions should aid and promote the economy of this state and the United States by requiring a preference for the procurement of iron, steel, manufactured goods, coal and timber produced in the United States in all contracts for the construction, reconstruction, repair, improvement or maintenance of public buildings and public works projects." The new law also permits waivers, establishes penalties, and grants rule-making authority.
The governor of West Virginia signed the bill into law on March 30, 2012.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.