Countertrade is losing its importance in international trade.

Name: Countertrade is losing its importance in international trade.
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Question

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Countertrade continues to be a significant aspect of international trade, especially in transactions involving countries with limited foreign exchange or those seeking to stabilize their trade balances. It allows countries to obtain goods and services even in the absence of hard currency, maintaining its relevance in global commerce.

Countertrade Is Losing Its Importance in International Trade