Brazil Formalizes Offer to Open Government Bids to Foreign Companies at WTO

According to the two Ministries, the agreement may result in an increase of Brazilian exports by opening access for Brazilian companies to participate in bids in other countries.

RIO DE JANEIRO, BRAZIL - A year after its first announcement, Brazil formalized its offer to open government bids to international companies on Tuesday, February 3rd. The country presented a list of bodies, goods and services to the World Trade Organization (WTO) that may now enter Brazil's government contract market after Brazil's adherence to an international Government Procurement Agreement.

Currently, 48 countries are part of the agreement, which levels terms for domestic and foreign companies in public tenders. In a joint note, the Ministries of Economy and Foreign Affairs reported that the measure opens up access to a US . . .

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