What is a defense Offset agreement?
In general, the Offset agreement, and as an integral part of international defense contracts, is when a defense prime vendor agrees to buy products from the country to whom it is selling. The Offset occurs when the estimated main contract amount is 10million U.S. Dollars worth or more in the Research and Development project, direct foreign procurement and License Production.
As a consulting firm that provides strategic advice/expertise to US and international businesses pertaining to business development in US government affairs and defense industries, MiLinks has the leverage to sell Korean products for Offset requirements to US defense prime vendors also others contractors.
- Identify Offset requirements of US defense primes and DAPA (Including the ROK Embassy)
- Match Korean products with US Offset requirements
- Work with Offset managers and help them to submit Offset proposals to DAPA
- Upon receiving an approval from DAPA, MiLinks will help with:
- Negotiations
- POs
- L/Cs
- Shipments
