Countertrade refers to an international business transaction in which full or partial payments are made in kind rather than cash.

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Countertrade is indeed a type of international business transaction where payment is made in kind rather than cash, either partially or in full. The goods or services provided in such transactions can be of equal or unequal value to the product or service being exchanged. Examples of countertrade include bartering, offsets, and buyback agreements.

Countertrade Refers to an International Business Transaction in Which Full