Definition of countertrade in English:

Share this entry

countertrade

Pronunciation: /ˈkaʊntəˌtreɪd/

noun

[mass noun]
International trade by exchange of goods rather than by currency purchase.
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.

For editors and proofreaders

Line breaks: coun¦ter|trade

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.