Buy-local Policies

Buy-local policies in Global Commerce Policy

In this regard, buy-local policies is: a way of giving advantages to domestic producers of goods and services under the government procurement rules of some countries. Such policies are often expressed in terms of a preference margin favouring the home-grown product, but sometimes they may be limited to decision to purchase locally if all other things are equal. Buy-local policies at times are used to promote the development of domestic industries.[1]

Buy-local policiesin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Buy-local policies” entry (OAS)

See Also