ANNOUNCEMENT 24 Dec 2014In December 2014, the government of the Falklands announced a change in the local input requirements for the participation in certain public purchases.
NUMBER OF INTERVENTIONS
Press release by the Falkland government:
Official text of the paper:
On 24 December 2014, the Falklands government approved paper 202/14P on the Code of Practice by Oil and Gas Companies. The paper, also known as the 'Local Content Code of Practice' requires the government to favour local companies during public procurements in activities with "strong local presence". However, the measure does not specify a specific level of local content required during public procurement procedures.
"Instead, a cumulative approach to local content is recommended - one that will allow local content to build over time and allow the Islands to expand to accommodate it, without imposing unnecessary 'shocks' to the current economy through the diversion of labour and overstretching the capacity of local providers." (par. 4.26 of the paper)
As the paper can be classified as a code of conduct and does not impose specific local content thresholds, the measure has been classified as amber.