Countertrade (International) - Explained
What is a Countertrade?
Written by J. Mance Gordon
Updated at April 21st, 2024
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What is a Countertrade?
Countertrade is a system of trade where buyers import machinery, equipment, technology, and raw materials from foreign manufacturers on a credit basis and agree to pay back the debt with other products or labor in a given time frame.
Also, countertrade is an international trading system in which governments decrease the trade deficits between two or more countries.