foreign subcontracting

noun
UK /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.