The government of Indonesia has drafted a policy regulation that will make offsets a requirement of defence procurement. A bill enabling the regulation will be presented soon for the approval of Parliament. Indonesia will then establish a formal offset policy, although those responsible for the task recognise that formulating such a policy may take some time.
Contrary to earlier suggestions a Green Paper published by the British Secretary of State for Defence includes scant reference to offset or industrial participation practices. However, the UK is reviewing its policy to ensure IP remains valid and complements key priorities.
It was all much ado about nothing. The deal described by the Ministry of Defence bureau was not the one the Americans were aware of.
Full listing of offset, countertrade, and trade finance events.
A doctoral candidate says there is almost no scholarly work that examines offsets as a potential source of corruption. She has set about correcting this anomaly.