DOD, GSA, NASA Finalize WTO Procurement, FTA Increased Thresholds

The Department of Defense, General Services Administration, and National Aeronautics and Space Administration issued a final rule, effective March 2, 2012, amending the Federal Acquisition Regulation (FAR) to incorporate adjusted thresholds for application of the World Trade Organization Government Procurement Agreement and the Free Trade Agreements, as determined by the U.S. Trade Representative.