Home Contact Us Site Map
 Mikrofax eProcurement Solutions purchasing software systems
 
Services Modules   FAQs   Client Login
News 

News


Legislation


US signs procurement accord with Italy


21/10/2008 00:58 
Printable version
Send to a friend
RSS Feed RSS Feeds

U.S. Secretary of Defense Robert M. Gates and Italian Minister of Defense Ignazio La Russa on Monday signed an updated Reciprocal Defense Procurement Memorandum of Understanding, which allows effective defense cooperation by establishing principles and procedures recognized by both governments for the conduct of defense procurements.

Under this agreement, each government provides access to its defense market to the industry of the other country.

The MOU allows each country specific benefits on a reciprocal basis, consistent with national laws and regulations. These include provisions for duty-free certificates and in most cases the evaluation of offers without applying price differentials under "buy national" laws.

The United States and Italy established and maintained understandings relating to reciprocal defense procurement since 1978. The MOU was last extended in November 1990.

The MOU promotes rationalization, standardization, and interoperability of defense equipment with allies and other allied governments. It provides a framework for on-going communication regarding market access and procurement matters affecting effective defense cooperation

Brief History

The EU public procurement market, including EU institutions and Member States and local governments, total around USD 800 billion annually.

This market is regulated by four "classic" Directives: public works, public supplies, public services and utilities. The Directives cover contracts above a certain threshold in all public sectors except utilities, which is regulated by a separate Directive, applicable to private as well as public undertakings.

Most EU tenders for public works/supplies are open to U.S. companies.
However, some contract opportunities in the utilities sector (water, transport, and telecommunications) are closed to U.S.-based companies because of certain articles in EU law permitting a local content requirement of 50 percent.
Moreover, in the utilities sector, preference must be given to an EU bid over a non-EU bid if the bids are equivalent and the price difference is less than 3 percent.

Source: http://news.yahoo.com, http://www.buyusa.gov



 
Bookmark this article
             
Related "Legislation" News
Senators Demand More Time for Women's Procurement Rule     

Senator John F. Kerry, Chairman of ... more

Women business owners hope Congress to block "Procurement Program"     
more
Dist. 128 considering rules to govern 'P-Cards'     

Three years after Libertyville-Vernon Hills Area High Scho ... more

Senate passes new Bill to boost funding for SBA     

The Senate Appropriations Committee more

 
Like this story ?  Want more stories like this delivered to your desk automatically ?
Sign-up for a our free newsletter now !
Have an opinion about this article? Visit our blog !
eProcurement and Purchasing Software Solutions are available from Mikrofax Software
Mikrofax.com

< back
Home | About Us | Services | Modules | News | FAQs | Client Login | Contact Us | Site Map
©2010 Mikrofax. All rights reserved. [ Privacy Statement ] [ Terms of Use ]