Offsets

Offsets in Global Commerce Policy

In this regard, offsets is: measures used to encourage the development of local industry or to improve the balance of trade by means of local content requirements, licensing of technology, investment requirements, countertrade or similar requirements. Some of these measures are illegal under the Agreement on Trade-Related Investment Measures. The Agreement on Government Procurement prohibits all such offset requirements for its members. The entries on trade policy are here. As with all forms of protection, offsets may raise domestic costs and therefore harm a country’s export efforts. Governments are normally attracted to offsets as a form of infant industry development. See also infant-industry argument.[1]

Offsetsin the wold Encyclopedia

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

Resources

Notes and References

1. Dictionary of Trade Policy, “Offsets” entry (OAS)

See Also