Market welcomes OECD changes to rules on local content

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Jonathan Bell

Editor-in-chief

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Changes to the rules on local content within ECA-backed export financing is just one of the elements of the OECD Arrangement that many have been asking for. Now an increase in the local content percentage rule looks set to give the export finance community a fillip it has been seeking for a long time.