Two types of countertrade include:

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Countertrade refers to the practice of exchanging goods or services for other goods or services, rather than using money. Two common types of countertrade are barter and counterpurchase. In a barter agreement, two parties agree to exchange goods or services of equal value. In a counterpurchase agreement, one party agrees to purchase goods or services from the other party, with the understanding that the second party will then purchase goods or services of a similar value from the initial party. This allows both parties to acquire the goods or services they need without having to use currency. Repatriation and convertibility refer to currency exchange, while joint venture and technology transfer are different types of business arrangements.

Two Types of Countertrade Include