Local Value Addition definition
Local Value Addition means the enhancement of value of the unit price of the imported goods made at the factory and it is calculated by using the following equation.
Examples of Local Value Addition in a sentence
Both Bangladesh and Egypt had their concerns regarding the RoO on different basis: Bangladesh’s proposal of 30% Local Value Addition (LVA) for LDCs. Egypt proposed 50% based on its concern that the proposed LVA in the agreement is too low.
For complete details on Benefits and other provisions of the Contract, please refer to the Contract on file with the Group.