[56958] New hurdle for Turkish companies: blocking from participation in EU tenders
[56958] New hurdle for Turkish companies: blocking from participation in EU tenders
Turkish companies are expected to lose their right to participate in government tenders in the European Union due to non-compliance with the international GPA agreement terms.
New hurdle for Turkish companies: blocking from participation in EU tenders
According to reports from Borsa Bahçesi 📊 Haber, Ekonomi • Son Dakika and Ekonomi Haberleri 🇹🇷, Turkish companies are facing a significant difficulty for their operations in Europe. The European Union has set a new threshold condition based on the World Trade Organization's Government Procurement Agreement (GPA), which is expected to prevent Turkish companies from participating in public tenders within the Union's territory.
The main reason for the prevention is the fact that Turkey is not a signatory to the GPA agreement, and as a result, it does not meet the regulatory threshold requirements set by the European Union. According to Borsa Bahçesi 📊 Haber, the move comes as part of a strict EU policy regarding commercial cooperation with countries that are not party to the agreement.
The decision is expected to affect many Turkish companies that rely on infrastructure projects and government contracts in Europe. These media outlets, known for their focused coverage of the Turkish and international economy, point out that this is a strategic change that could reduce the scope of Turkey's service exports to European markets. As of now, no official response has been issued from Ankara regarding the steps that will be taken to deal with the new bureaucratic hurdle.