3️⃣ The ERM chapter also aims to reduce #LocalContent Requirements. This is important. However, it should be done carefully (baby-and-bathwater-reason). IMO, one of the issues in the EU chapter proposal is that it is unclear which industries it covers. My input on #LCRs: www.cepweb.org/striking-a-b...
👓 For those interested in how these issues play out at the #trade agreement level, I've written about balancing #LCRs in #TradeAgreements with a focus on the #energy sector. See the 🧵 here: bsky.app/profile/o-br...
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1️⃣ Australia and Canada offer positive examples through #CommunityDevelopmentAgreements that companies need to negotiate with local (indigenous) communities
2️⃣ In publicly available contracts (many remain confidential), #LCRs seem more common in oil/gas than mining
3/🧵
💡 The background is that the number of local content requirements ( #LCRs ) globally has risen starkly in recent years (see graph).
📢 And this is how #TradeAgreements can help strike a balance on local content requirements for an affordable, secure, and clean #energy future:
