When Harbour Trades, a Korean-based company, makes resources including technology, managerial skills and patent and trademark rights available to Nano Technologies, a Russian company thereby allowing Nano to make products similar to CBA, it is engaging in a countertrade agreement.

Question

Quizplus · Accepted Answer

Countertrade involves the exchange of goods or services between countries without using cash, whereas the scenario described is more akin to a licensing agreement where intellectual property and resources are shared.

When Harbour Trades, a Korean-Based Company, Makes Resources Including Technology