What is countertrade? Back to list

Member SinceJul 08, 2021

Posts 214


Nov 24, 2021 a 10:39
The term "countertrade" refers to international trade that combines the obligations of exporters to importers, in which exporters have to purchase goods from importers for the part of the products they export.

UN exporters use a terminology known as international compensation contracts to describe counter contracts. In international compensation agreements, there is an agreement between companies of different countries concerning specific actions by one party and compensation in a particular manner in a certain amount for the other party.

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