FAR Part 25 Questions

Question 1

Discuss the Trade Agreements Act (TAA) as it relates to acquisition, it’s purpose and exceptions.

Answer 1

It governs a number of multilateral and bilateral international trade agreements negotiated between the United States and other countries.

It applies to acquisitions over $193,000.00.

Countries of main concern are China, India, Iran, Iraq, Malaysia, Pakistan, Russia and Sri Lanka.

Question 2

What are the exceptions to the Trade Agreements Act (TAA)

Answer 2

1. Acquisitions set aside for small businesses
2. Acquisitions of arms, ammunition, or war materials, or purchases indispensable for national security or for national defense purposes
3. Acquisitions of end products for resale
4. Acquisitions from Federal Prison Industries, Inc.
5. Other acquisitions not using full and open competition, if authorized by subpart 6.2 or 6.3