| industr., econ. |
local content requirements (Local content requirements are a type of trade protection mechanism that depends on the law to create requirements for international companies and forces them to produce or rent a certain amount of goods and services domestically.
: Минпромторг России изменил требования по уровню локализации телеком-оборудования
• The use of local content requirements (LCRs) has been growing for a long time. Used by developed as well as developing countries, they aim to promote the use of local inputs and serve the purpose of fostering domestic industries. 'More) |
