As a follow-up to the last MDM installment on federal contract compliance, this article focuses on one area of compliance that applies to most suppliers of goods to the U.S. Federal Government – The Trade Agreements Act (TAA).
The Trade Agreements Act applies to procurements of specified products by most federal agencies that have a dollar value exceeding $194,000. For procurements to which it applies, the TAA supersedes the Buy American Act and governs the acquisition.
Congress passed the TAA to comply with its responsibilities under the Agreement on Government Procurement (AGP), a multilateral agreement negotiated under the auspices of the General Agreement on Tariffs and Trade.
The AGP is also commonly referred to as the …
