Definition of Countertrade

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TeachMeFinance.com - explain Countertrade



Countertrade

The term 'Countertrade ' as it applies to the area of agriculture can be defined as ' A trade transaction of goods and services without the exchange of money. Forms of countertrade include barter, buy-back or compensation, counter-purchase, offset requirements, swap, or triangular trade'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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