PPS to host marketplace for global procurement

Korea‘s Community Procurement Assistance is set to host an once-a-year session fair in November to help small- and medium-sized enterprises trying to find entry into abroad procurement markets valued at $12.8 trillion.

The annual event titled World wide Community Procurement Market (GPPM) has supported SMEs since 2016 to present information relating to offshore marketplaces this kind of as foreign procurement legal guidelines and nearby current market developments.

In accordance to the PPS, the party provides with each other Korean enterprises, foreign clients and buyers, and worldwide companies to help domestic firms cultivate a far better comprehension of the international procurement industry and forge connections with foreign entities.

In 2021, GPPM succeeded in bridging 48 foreign customers and 106 export consultancy corporations, ensuing in $21 million worth of trade, inspite of the COVID-19.

The agency will increase briefing sessions for products and solutions by innovation firms, and separate sessions to introduce modern merchandise wishing to be additional to initiatives coordinated by Korea’s Economic Development Cooperation Fund (EDCF) as in abroad aids.

Moreover, the marketplace this yr will include assistance programs to assist K-disease avoidance solutions in offshore marketplaces, export consultations in association with Korea Public Procurement Expo (KOPPEX), and American marketplace pioneer groups for impressive solutions. Programs are developed to present Korean corporations with suggestions relating to international market’s verification procedures, eligibility circumstances, distribution qualifications and bid proposal drafting criteria.

By Lee Seung-ku ([email protected])