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Countertrade is a form of international trade in which goods or services are exchanged for other goods or services, rather than for money. It is often used when one or both parties lack the necessary currency to complete a transaction. Countertrade is also used to facilitate trade between countries with different economic systems, such as a capitalist country and a socialist country.
Countertrade can take many forms, including barter, buyback, compensation, counter purchase, and offset. Barter is the direct exchange of goods or services between two parties. Buyback is a form of countertrade in which a company sells goods or services to a foreign buyer and then agrees to buy back a certain amount of the same or similar goods or services from the buyer. Compensation is a form of countertrade in which a company agrees to purchase goods or services from a foreign buyer in exchange for the buyer's purchase of the company's goods or services. Counter purchase is a form of countertrade in which a company agrees to purchase goods or services from a foreign buyer in exchange for the buyer's purchase of a different type of goods or services from the company. Offset is a form of countertrade in which a company agrees to purchase goods or services from a foreign buyer in exchange for the buyer's purchase of goods or services from a third party.
Some companies in the countertrade market include Boeing, Airbus, Lockheed Martin, Northrop Grumman, and Raytheon. Show Less Read more
