Countertrade: Difference between revisions
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An arrangement whereby export sales to a less developed foreign country are made conditional on accepting imports of comparable value from the same country. | 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. | ||
Where two trading parties buy and sell goods or services from one another, and the amounts are not of equal value, the parties in a countertrade arrangement would commonly settle for the differences only. | |||
== See also == | == See also == | ||
* [[Barter]] | |||
* [[Trade]] | * [[Trade]] | ||
Revision as of 11:19, 20 June 2016
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.
Where two trading parties buy and sell goods or services from one another, and the amounts are not of equal value, the parties in a countertrade arrangement would commonly settle for the differences only.
