What is a primary aim of public procurement regulations in the EU?

The primary aim of public procurement regulations in the EU is to ensure fair competition and transparency. This objective is crucial because public procurement involves significant public funds and impacts various stakeholders, including taxpayers and businesses. By fostering fair competition, the regulations help to provide equal opportunities for all suppliers to participate in procurement processes, which can lead to better quality goods and services at competitive prices.

Transparency in the procurement process is equally vital, as it helps to build trust between the government and the public, ensures accountability, and reduces the risk of corruption or favoritism. By adhering to these principles, the EU aims to create a level playing field that minimizes discrimination and enhances efficiency in public spending.

In contrast, promoting international trade, while beneficial, is not the primary aim of these regulations. Similarly, restricting market access for foreign companies contradicts the spirit of open competition that EU regulations strive to uphold. Focusing solely on private sector profitability would undermine the broader goals of public procurement that emphasize the responsible use of public funds and the public interest.