Definition of countertrade in English:
countertrade
nounˈkaʊntəˌtreɪdˈkaʊn(t)ərˌtreɪd
mass nounInternational trade by exchange of goods rather than by currency purchase.
Example sentencesExamples
- The combat aircraft were bought through a countertrade deal for Indonesian products and commodities.
- 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.
- I was told by the President to look into the possibility of countertrade and I talked with the TNI chief and Air Force chief of staff.
Definition of countertrade in US English:
countertrade
nounˈkoun(t)ərˌtrādˈkaʊn(t)ərˌtreɪd
International trade by exchange of goods rather than by currency purchase.
Example sentencesExamples
- 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.
- The purchase contracts provide for countertrade deals and spin-offs with South African companies.
- The combat aircraft were bought through a countertrade deal for Indonesian products and commodities.
- I was told by the President to look into the possibility of countertrade and I talked with the TNI chief and Air Force chief of staff.
- Trade-related services involve not only letters of credit but handing trade documentation, on demand guarantees and countertrade.