Meaning of “local content” in the English Dictionary

business-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)