On 31 December 2021, the historical Local Content Bill reached the final steps of the legislative process after the Guyanese President, Dr Mohamed Irfaan Ali, finally assented the Bill into law. Officially, incorporating it into the country’s legal architecture as the Local Content Act No 18 of 2021. This article reviews the said Local Content Act to determine if the said legislation meets the best industry practices or not and why.
Several Caribbean countries have local content laws that might go against the Revised Treaty of Chaguaramas and frequently reflect a patriotic mindset. Treaties between countries aiming primarily at the union of numerous independent nations might further complicate an industry already beset by challenges because they frequently necessitate the pooling of money and resources. This article will look at how the CARICOM nations of Trinidad and Tobago and Guyana deal with local content in their separate jurisdictions, and how it affects their CARICOM treaty obligations
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.