Countertrade: Difference between revisions
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imported>Doug Williamson (Change overseas to foreign.) |
imported>Doug Williamson (Change to country.) |
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''International trade''. | ''International trade''. | ||
An arrangement whereby export sales to a less developed foreign | An arrangement whereby export sales to a less developed foreign country are made conditional on accepting imports of comparable value from the same country. | ||
The simplest form of countertrade arrangement is barter. | The simplest form of countertrade arrangement is barter. | ||
Revision as of 08:46, 5 August 2015
International trade.
An arrangement whereby export sales to a less developed foreign country are made conditional on accepting imports of comparable value from the same country.
The simplest form of countertrade arrangement is barter.
