offsets-ic_introduction

Originating from the defence sector, nowadays, "offsets" or "industrial cooperation" are linked to both civil and defence procurements. Since the 1960s, several countries around the world have introduced ‘official’ Offset or Industrial Cooperation (IC) regulations, in order to protect their industries and enhance local industrial and technological bases, ease the burden that large defence procurements have on their economy, increase or preserve domestic employment, promote targeted industrial sectors and export domestically-produced products, to foreign markets. Historically, offsets have served important policy and national security objectives in several countries and have played a significant role in their political and socioeconomic development.

Currently, more than 40 countries worldwide have ‘official’ regulations regarding Offsets/Industrial Cooperation, whereas overall, more than 90 countries around the globe have an ‘official’ or ‘unofficial’ framework governing related requirements. Cumulative global offset obligations will reportedly increase in the near future, especially in regions such as the Middle East and Asia.

The Offsets/IC section, provides to the international A&D community, specific information and detailed analysis of national & international offset practices and/or regulations. Using a structured approach, it covers Offsets/IC frameworks and/or practices of some 90 countries, providing insight on several related aspects, such as priority areas, eligible transactions, thresholds, offset quotas, multipliers, penalties, etc.

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