Local-content measure

Local-content measure

Requirement that the investor purchase a certain amount of local materials for incorporation in the investors product.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: International trade
Organization: WTO
Product:
Acronym-Abbreviation:

Collect to Blossary

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Related terms

local-content measure

Economy; International trade

Requirement that the investor purchase a certain amount of local materials for incorporation in the investors product.

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United Nations Center for International Trade Law (UNCITRAL)

Economy; International trade

An international body that drafts model laws such as the one on government procurement.

Uruguay Round

Economy; International trade

Multilateral trade negotiations launched at Punta del Este, Uruguay in September 1986 and concluded in Geneva in December 1993. Signed by Ministers in Marrakesh, Morocco, in April ...

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waiver

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Permission granted by WTO members allowing a WTO member not to comply with normal commitments. Waivers have time limits and extensions have to be justified.