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Meaning of “local content” in the English Dictionary

"local content" in Business English

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local contentnoun [U]

uk   us   (also domestic content) PRODUCTION
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 ​carmanufacturersclaim that they use 60-80% ​localcontent.local content rules/requirements The ​localcontentrulesstate that where ​importedpartsaccount for more than 60% of the ​value of a ​finalvehicle, those ​parts are ​taxed.
(Definition of local content from the Cambridge Business English Dictionary © Cambridge University Press)
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