Countertrade [Last Updated by: admin on 2012-01-01]
All foreign trade transactions resulting from exporters' commitments to take products from the importers or from their respective countries in full or part payment for their exports. Countertrade is typical of trade with East European and less developed countries, which often suffer from a lack of foreign exchange and/or credit facilities. Countertrade transactions include barter, buy-back or compensation, counterpurchase, offset requirements, and swap. See respective terms.