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单词 offset agreement
释义

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offset agreement
d. Business. In international trade, esp. in the aerospace industry: an agreement whereby a country selling products or services to another undertakes to invest in that country's products or services to an equivalent or percentage value; (hence) trade proposed or carried out in fulfilment of such an agreement. Frequently (and in earliest use) attributive, as offset agreement, offset purchase, etc.
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society > trade and finance > importing and exporting > [noun] > balance of trade > offset
offset purchase1966
1966 Economist 20 Aug. 731/2 The Germans continue to be slow in making their military ‘offset’ purchases to counter the dollars which are drained away by the cost of keeping American troops in Germany.
1978 Globe & Mail (Toronto) 2 Mar. b2/1 Gruman Aerospace Corp. has put forward a program that would provide an 80% offset—that is, over a period of years it would transfer to Canada work equal to 80% of the contract value.
1989 A. Lorenz Fighting Chance vii. 273 An RAF report had recommended precisely this solution, with the twist that instead of an offset agreement..it suggested..that the aircraft be made in Britain under licence.
1994 Guns & Shooting June 20/2 The ‘compensation arrangements’ are so complicated.., but some of the ‘offsets’ include the Dutch supplying the Canadians with 13 million rounds of 7.62 × 50–mm in exchange for 26 million rounds of 5.56 × 45–mm.
2002 Dallas Morning News (Nexis) 18 June Direct offsets guarantee a buyer nation's industry a part of the work on the plane, such as building the landing gear or assembling part of the airframe.
extracted from offsetn.
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