(U.S. Government contracting) A U.S. federal law that implements the United States’ obligations under specified international trade agreements by waiving Buy American Act (BAA) domestic preference requirements for eligible products and services from designated countries when procurements exceed applicable dollar thresholds. The TAA determines which foreign-made products are eligible for acquisition under covered federal procurements.
Trade Agreements Act (TAA)
A US law waiving Buy American Act preferences for eligible products from designated trade-agreement countries above set thresholds.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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