Definition of countertrade in English:

countertrade

Syllabification: coun·ter·trade
Pronunciation: /ˈkountərˌtrād
 
/

noun

  • International trade by exchange of goods rather than by currency purchase.
    More example sentences
    • The purchase contracts provide for countertrade deals and spin-offs with South African companies.
    • Trade-related services involve not only letters of credit but handing trade documentation, on demand guarantees and countertrade.
    • Thus, he said, the only feasible way to learn about the market conditions in Russia and its companies was through government-initiated countertrade deals like the one involving the Russian aircraft and several Indonesian commodities.

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