QUESTION $41$

How do procurement processes, particularly in government procurement, impact international commerce, and what specific regulations and standards must be adhered to by international bidders to qualify for large infrastructure projects?

$2$ points

Procurement processes have minimal impact on international commerce as they are often bypassed in favor of direct negotiations Government procurement processes significantly impact international commerce by involving strict regulations and standards that international bidders must adhere to$,$ such

as partnering with local firms to qualify for large infrastructure projects and ensuring fair competition and compliance with local laws

Procurement processes are mainly concerned with small$-$scale transactions and do not affect large infrastructure projects

International bidders are typically exempt from local procurement regulations, making qualifying for large projects easier