Local content laws stipulate the maximum percentage of a product's total value that must be produced domestically for that product to be sold domestically.

Question

Quizplus · Accepted Answer

Local content laws actually stipulate the minimum percentage of a product's total value that must be produced domestically for that product to be considered local and, in many cases, to qualify for certain benefits or to be sold domestically without import restrictions.

Local Content Laws Stipulate the Maximum Percentage of a Product's