China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the con

Question

Flura [38]

2 years ago

10

China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the con

trolling ownership stake. what does this illustrate?

Business

1 answer:

marishachu [46] · Answer 1 · 2023-05-22T05:50:01+03:00

In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.

<h3>What is Local content law?</h3>

Local content law can be described as the law that measure the local content requirements and they are policies imposed by governments that make the firms to use domestically-manufactured goods.

Hence , in the In a case whereby China and india require that when foreign firms enter into joint ventures with local firms, the local partners must have the controlling ownership stake, and this illustrate a Local content law.

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