In Thailand, it is required that any milk product sold in the country by a foreign company must use the milk that is at least 50 percent produced by Thai dairy farmers. What economic risk is faced by the international producers of milk products in this situation?

Question

Quizplus · Accepted Answer

Local-content laws require that products sold within a country contain a certain percentage of locally sourced materials. In this case, the requirement for foreign milk product companies to use at least 50% Thai-produced milk is an example of a local-content law.

In Thailand, It Is Required That Any Milk Product Sold