foreign subcontracting
nounUK /ˈfɒrən ˌsʌbkənˈtræktɪŋ/
US /ˈfɔːrən ˌsʌbkənˈtræktɪŋ/
When a company pays a company in another country to do some of its work.
The toy company used foreign subcontracting to have the plastic parts made overseas.
OTHER MEANINGS
2. Hiring a company in a different country to handle a specific part of a bigger project.
The builder relied on foreign subcontracting for the steel work.
3. Giving work to outside firms located abroad instead of doing it in-house.
Foreign subcontracting helped the firm cut costs on packaging.
4. The practice of a business delegating tasks to overseas partner companies.
Their foreign subcontracting deal brought in cheaper electronics assembly.