An offset agreement is a trade arrangement in which a country purchasing goods or services, often in the defense or aerospace sectors, requires the selling company to invest in the buyer's economy as a condition of the sale. This investment can take various forms, such as establishing local production facilities, providing technology transfer, or engaging in partnerships with local companies. Offsets can serve several purposes: 1. **Economic Development**: They aim to stimulate local economies by creating jobs, fostering local industry, and enhancing technical skills.
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