Offset guidelines: almost all Turkish defense-related projects will involve an offset obligation

Article Abstract:

Turkey's expanding defense market offers a plethora of benefits to foreign investors, as an estimated 75% of the industry's needs and product requirements are expected to come from abroad. However, foreign companies must maintain an in-depth understanding of Turkey's offset requirements in order to gain approval from the Undersecretariat for Defense Industries. The agency, founded in 1985 to overlook the realization of defense-related projects, requires companies to submit an offset proposal of the bid pacakages contained in the program.

Evaluation, Foreign corporations, Turkey, Defense industry, Defense contracts

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The offset guidelines: interpretative points

Article Abstract:

The United Arab Emirates issued guidelines for offset transactions in mid-1991. No significant official rulings have been issued. The offset program is designed to develop the private sector through the participation of foreign vendors in the production of products for export or for import substitution. The guidelines set a suggested offset level of at least 60% of the value of the contract of the foreign vendor. Offset programs can include direct investments and the marketing of United Arab Emirates-produced products.

Economic policy, United Arab Emirates

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Kuwait's new guidelines for its offset program

Article Abstract:

The Kuwait Offset Office on Apr 1, 1995, issued new Coutrertrade Offset Program guidelines, effective immediately, to modify the offset program launched in 1992. The program seeks to diversify Kuwait's economy as it rebuilds from the damage of Iraq's invasion, and is more flexible than most comparable programs in the region. It requires foreign contractors to create local business ventures worth 30% of the value of any contracts, but uses a system of multipliers to increase the weight given some types of ventures.

Management, International trade, Balance of trade, International trade regulation, Kuwait

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