Abstract
In the ECA context, the foreign content is value added to goods or services manufactured, assembled or supplied from another country (Figure 14.1). The foreign content is significant for exporters and banks when obtaining the ECA cover since they have to satisfy the requirements ECAs have in this respect. It is important to distinguish the term ‘foreign content’ from the term ‘local cost’ because foreign content is not internationally regulated while local cost is regulated in the OECD Arrangement. Local cost is described in Chapter 21.
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© 2014 Zlatko Salcic
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Salcic, Z. (2014). Foreign Content. In: Export Credit Insurance and Guarantees. Palgrave Macmillan, London. https://doi.org/10.1057/9781137366818_14
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DOI: https://doi.org/10.1057/9781137366818_14
Publisher Name: Palgrave Macmillan, London
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