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offshoring

Offshoring is the practice of locating some of a company’s manufacturing, services, or other processes in a country other than the country where the company is based. Offshoring is typically done to access lower-cost labor resources, labor resources with specific skills, and infrastructure, such as manufacturing plants.

In Arkansas, there is no specific state statute that directly addresses the practice of offshoring. Offshoring decisions by companies are generally influenced by federal trade policies, international agreements, and global economic factors rather than state law. However, state-level economic development programs and incentives may indirectly impact offshoring decisions by making it more or less attractive for companies to maintain operations within Arkansas. For instance, Arkansas may offer tax incentives, grants, or workforce development programs to encourage businesses to invest and create jobs locally. Additionally, federal laws and international trade agreements, such as the North American Free Trade Agreement (NAFTA) and its successor, the United States-Mexico-Canada Agreement (USMCA), can affect offshoring by setting the rules for trade and tariffs between member countries. Companies in Arkansas considering offshoring must also comply with federal regulations, such as the Foreign Corrupt Practices Act (FCPA), which governs the conduct of U.S. entities abroad.

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