1. Where this has already happened, particularly in the case of automobile parts, it tends to be connected with local content requirements. 2. The scheme document must therefore comply with the content requirements of those regulations. 3. A government source said the government will only postpone the phase-out of the local content requirement if GM agrees. 4. According to the council decision, the Industry Ministry has been assigned to discuss with Finance Ministry abandoning the local content requirement. 5. Ninnart said a crisis of confidence might occur if the government broke its promise to foreign investors over the cancellation of the local content requirement. 6. Now local content requirements originally meant to foster a home-grown industry serve instead to protect those automakers already here and make entry difficult for newcomers. 7. The cancellation of the local content requirement will also disadvantage established automakers which use local content over newcomers which will have more flexibility, Ninnart said. 8. THE Council of Economic Ministers Monday agreed with a Board of Investment proposal to lift the local content requirement for passenger cars effective this July. 9. The federation issues a certificate after ascertaining that the goods meet the local content requirement. 10. The new structure is expected to be completed before the local content requirement is scrapped. |
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