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Industry

Finland issues offset guidelines

10 April 2017

Finland's Ministry of Defence issued a policy document aimed at describing needs for defence offsets on 6 April. The document begins with Finland's desire to relabel offsets as "industrial participation", while emphasising the country's goal of obtaining access to technology as part of future defence purchases.

The new document serves largely as an overview of existing law, while offering few changes to policy.

Nearly all of the regulations regarding offsets date to 2012, when a series of laws reformed the offset system for Finland, most notably The Act on Public Defence and Security Contracts. The country previously had a requirement that all defence contracts exceeding EUR10 million (USD10.6 million), although that requirement has been removed and all contracts are reviewed for potential offset needs.

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