Countertrade: Difference between revisions
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Latest revision as of 16:33, 24 March 2020
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.
