All types of foreign trade transactions in which the sale of goods to one country is linked to the purchase or exchange of goods from that same country are called countertrade.

Question

Quizplus · Accepted Answer

This statement is true. Countertrade refers to any arrangement in which the sale of goods to one country is linked to the purchase or exchange of goods from that same country. Examples of countertrade include barter, offset, counterpurchase, switch trading, and buyback.

All Types of Foreign Trade Transactions in Which the Sale