AlRaqaba English 16 - page 12

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ALRAQABA . ISSUE 16
chief Auditor, Pre- Audit and Technical
Support Audit Sector Technical Office.
Ali Mahmoud Al-Khashawi
Support to Local Product
Under the State of Kuwait Laws
and Legislations
Made
in Kuwait
Assistant Auditor, Economic Affairs
Pre-Audit Department.
Nasser Emad Al-Shaya
Most Countries depend completely on their local products to promote their international economic
position and provide a good life for their people.
All countries feel proud of their local products, whether they are superpower or developing countries.
They are proud of their products in all fields regardless of their types or quality.
In general, the local product represents all products manufactured inside the country.
Accordingly, several countries support their local
products since they believe that local products
may contribute to increasing the number of
productive factories and companies in the State
and lead to a decrease in the unemployment rate
due to providing a good number of jobs. This will
have a positive effect on the individual income
rate. Local products increase is one of the factors
to achieve economic growth that all countries
seek to realize. It is obvious that depending
on local products is reflected positively on the
State’s political and social aspects.
Therefore, providing support to local products
is a national priority to many countries. For this
support to succeed and sustain, it should rely on
sound bases, in an objective form, and through
different directions.
The most important points that contribute to
supporting local products are:
1. Issuance of laws and legislations that support
and provide protection to local product, and
contribute to propagate and enhance the
product.
2. Face dumping policy that could be followed
by others. Dumping policy is a case of
pricing discrimination when the product
is sold in the importing country at a price
less than the price it is sold in the country
Legislation
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