But Woods said many contracts were being awarded locally even when foreign firms offered a better price or a higher quality bid, and highlighted "complex public procurement procedures, unfair national preference and wavering commitment to competition and market liberalization" as key factors holding back the creation of a competitive and dynamic market.

CNN: EU governments favoring home firms

"By incorporating Seagate's SSHD technology into our product offerings we are able to address customer demand for greater speed, shorter boot up and response times, optimum storage capacity and better battery life, all at a lower price point, " said Jerry Gross, vice president, Lenovo global procurement.

ENGADGET: Seagate ships its first desktop hybrid drive, third-gen laptop models

Rather than surrendering its best customers to private creditors, the bank wants to price its loans more keenly and make borrowing less cumbersome, using a country's own auditing and procurement methods wherever they are up to scratch.

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