Local Content Regulations
/ˈloʊkəl ˈkɒntɛnt ˌrɛɡjʊˈleɪʃənz/
Definitions
- (n.) Legal requirements mandating the use of domestically sourced goods, services, labor, or materials in business operations or projects within a jurisdiction.
The government imposed local content regulations to promote the employment of local workers in the oil industry.
Forms
- local content regulations
- local content regulation
Related terms
See also
Commentary
Local content regulations aim to stimulate local economies but must be carefully tailored to comply with international trade obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.