local content requirements

Local content requirements are rules that encourage companies to use local resources, workers, and materials in their operations within a country. These policies aim to boost local industries, create jobs, and promote economic development. For example, a government might require a certain percentage of a product to be made from locally sourced materials or mandate that a specific number of employees are from the local community. These requirements can influence how businesses plan their production, investments, and supply chains to meet national policies while remaining competitive.