Strategic advantages through localization and industrial cooperations
Industrial cooperation or „offset“ are linked to major international procurements in different sectors. Cumulative global offset obligations are likely to increase in the future, especially in regions such as the Middle East and Asia. More than 90 countries around the globe have an ‘official’ or ‘unofficial’ framework governing related requirements to be observed by the foreign exporters in the customer country.
Extract from the module Industrial Cooperation
- Strengthen customer country’s industries (local content)
- Enhance local education and technological base
- Increase or preserve domestic employment
- promote targeted industrial sectors
- Trigger exports of domestically produced products to foreign markets
- Generate foreign currency proceeds