What Are Local Content Requirements?

What Are Local Content Requirements? The fastest growing of these measures are local content requirements (LCRs), which are policies imposed by governments that require firms to use domestically-manufactured goods or domestically-supplied services in order to operate in an economy. What does local content mean? Local content is the value that an extraction project brings to

What Is Local Content Requirements?

What Is Local Content Requirements? The fastest growing of these measures are local content requirements (LCRs), which are policies imposed by governments that require firms to use domestically-manufactured goods or domestically-supplied services in order to operate in an economy. What does local content mean? Local content is the value that an extraction project brings to