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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 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)
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