Definition of ‘local content’ 

local content noun

the materials, workers, etc. used to make a product that are from the area where the product is made rather than being imported: All three car manufacturers claim that they use 60-80% local content.

local content rules/requirements The local content rules state that where imported parts account for more than 60% of the value of a final vehicle, those parts are taxed.

(Definition of local content from the Cambridge Business English Dictionary © Cambridge University Press)

Examples of local content from Wikipedia

• Each day is filled with localcontent, wire content and a small sampling of local stocks.
• Localcontent also speeded up repair and maintenance.
• This localcontent includes professional editorial content, user-generated content and business listings.From WikipediaThe tax concessions varied with the degree of localcontent.
• There is not any localcontent, excluding commercials.
• From the start, the station put a greater emphasis on national coverage over localcontent; it also presented more packaged news reports.
• They simulcast an identical broadcast schedule with no localcontent.
• The program was tailored by individual broadcasters to provide localcontent and hosts.
• The station broadcasts a rhythmic contemporary music format with localcontent.
• Other issues were noted such as the increased cost of producing localcontent on commercial networks.

Date: 2 januari 2022

Categories:  Olie- en Gasindustrie 

Tags:  Local Content Requirements