LEGAL REGULATION OF PUBLIC PROCUREMENT IN MERCOSUR

Abstract

The present article analyzes the legal regulation of innovation partnership as a public procurement procedure in the European Union. In particular, the author emphasizes the peculiar features of innovation partnership that distinguish it from other public procurement procedures. The author appreciates the intention of the EU Member-States to develop the supranational legal regulation of award of public contracts for the creation and further supply of innovative products and technologies. Moreover, by employing the comparison method, the author draws parallels between the European Union and NAFTA, stating that the EU legal acts are more efficient.