Trade agreement

A treaty that opens public tenders in one country to suppliers from others above set thresholds, such as the WTO Government Procurement Agreement, CETA or CPTPP.

Related terms

Government Procurement Agreement (GPA)

The World Trade Organization agreement that opens covered public tenders to suppliers from the other signatory countries, including Canada, the UK, the EU, the US, Australia and New Zealand.

Procurement threshold

A contract value above which stricter rules apply, such as open advertising, trade-agreement rules or longer deadlines. Below it, buyers can often invite a few quotes directly.