The U.S. International Trade Commission has welcomed India’s recent draft for offset procedures. The commission says the draft will increase transparency and accessibility for foreign partners. However, the report criticised a new requirement expanding local content and localisation. The rules require foreign firms to buy Indian inputs and produce a part of the product within the country in sectors including ICT, electronics, defence, and aerospace.
The Czech Republic’s Defence Minister, Martin Stropnický, told representatives of domestic arms companies at a national armament conference that the participation of Czech manufacturers in contracts would be considered at each defence procurement.
Armscor’s annual report for 2014/15 reveals that after yet another year, MBDA’s Defence Industrial Participation (DIP) obligation remains delinquent. Fulfilment seems unlikely, the report says. No reference is made to the penalty provisions or any intention to apply them….. Armscor is currently managing seventeen DIP agreements.....
South Africa’s Trade and Industry Minister, Rob Davies, has declared the country’s boat building policy a success. The policy compels foreign boat builders to partner with domestic companies as part of their obligations under the National Industrial Participation Program.
Foreign technology companies seeking access to the market in China are facing increased pressure from Beijing to open their proprietary source codes for review.