Definition of countertrade in English:
International trade by exchange of goods rather than by currency purchase.
- 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.
Definition of countertrade in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia